As an experienced crypto investor with a keen eye for regulatory compliance and geopolitical trends, I find the recent developments between Bybit and Georgia quite intriguing. Having navigated through the crypto market’s volatility over the past few years, I can appreciate Bybit’s strategic move to secure another VASP license in Georgia, a country that seems to be embracing blockchain technology wholeheartedly.
Bybit has been granted an additional Virtual Asset Service Provider (VASP) license, adding to its existing approvals in places like the Netherlands and Kazakhstan.
Bybit cryptocurrency exchange receives a Virtual Asset Service Provider license from Georgia’s National Bank, signifying another advancement in their worldwide compliance strategy.
On November 5, the exchange announced that its registration in Georgia enables it to function within the country’s thriving environment, which coincides with Bybit’s aim to foster cryptocurrency economic growth in emerging areas.
In simpler terms, Bybit’s CEO, Ben Zhou, emphasized that the exchange’s user registration underscores their dedication to offering a safe and compliant platform to users in Georgia. This step supports the region’s aim to foster innovation within blockchain technology, potentially making it a hub for such advancements.
Georgia bets on crypto
Currently, Georgia is drawing interest from the cryptocurrency industry. Previously mentioned in crypto.news, high-ranking officials from Ripple have discussed the potential use of blockchain technology for digitalizing the economy with Georgia’s National Bank Governor, Natia Turnava.
Although the particulars of the discussions have yet to be revealed, a spokesperson from the central bank affirmed that the main topic under discussion was identifying possible paths for joint efforts towards digitizing Georgia’s economy.
Read More
- XRP Price Eyes $2 Support Level Amidst Market Correction
- 15 Charged for converting Drug Cartels’ Cash into Cryptocurrency in U.S.
- PYTH PREDICTION. PYTH cryptocurrency
- OREO Unveils Six New Products for 2025
- ‘Fast and Furious’ Star Paul Walker Remembered 11 Years After His Death
- Russell T Davies Says He “Kind Of Hopes” The Streaming Bubble Will “Pop”
- Apple Lands Anya Taylor-Joy Led Drama ‘Lucky,’ Based on Bestseller
- Paul Atkins to Replace Gary Gensler as Next SEC Chair?
- Crypto VC funding roundup: Riot snags over $594m, BVNK raises $50m
- Google’s Willow Quantum Chip Sparks Bitcoin Security Debate
2024-11-05 17:13