Bybit Partners with Nordic Blockchain Association to Promote Web 3 Innovation

Bybit partnered with the Nordic Blockchain Association
(NBA) to foster innovation and growth within the regional blockchain ecosystem.
The partnership is reportedly part of the NBA’s effort to create a better
blockchain community in the Nordics.

Building a Blockchain Ecosystem

The association aims to address challenges related to blockchain adoption and promote educational initiatives. Bybit’s involvement promises to
further these goals, leveraging the exchange’s global influence to enhance
local and international collaboration.

Commenting about the partnership, Jakob Mikkel Hansen,
the CEO and Board Member of the Nordic Blockchain Association, said: “We are
excited that such a large and important international company as Bybit has
joined the Nordic Blockchain Association as a member.

“This once again shows that the Nordic region has
an important role to play in the global blockchain ecosystem. We look forward
to creating value, raising awareness, and promoting education with our new
community partner, Bybit.”

Nordic Blockchain Conference

One of the main highlights of this collaboration will
be the Nordic Blockchain Conference 2025 (NBC25), the largest blockchain and
Web3 event in the region.

Recently, Kazakhstan awarded Bybit a full license
approval. According to the firm, the license, awarded by the Astana Financial
Service Authority, strengthens its expansion in the region. It enables the
company to provide a range of crypto services as part of its ongoing global
expansion.

Kazakhstan is among the important crypto hubs
attracting important firms, especially with its regulatory tightening in other
parts of the world. With the new license, Bybit now offers digital asset
trading, custody services, and investment management to users in the region and
at the Commonwealth of Independent States.

Additionally, Bybit received a provisional license
from the Dubai regulator two years after setting its headquarters in the Middle
Eastern city. This approval brings the exchange closer to becoming a fully
licensed Virtual Asset Service Provider in Dubai.

Notably, the provisional license is non-operational
and was issued by the Virtual Asset Regulatory Authority. Bybit also obtained a
preliminary Minimum Viable Product license in Dubai to comply with global
regulations for digital assets.

This article was written by Jared Kirui at www.financemagnates.com.