Bybit Ramps Up Crypto Compliance with VASP Registration in Georgia

Bybit has registered as a Virtual Asset Service Provider
with the National Bank of Georgia. This registration aligns with Bybit’s
efforts to meet regulatory requirements and support the development of
the digital economy in Georgia.

In 2024, Bybit has pursued licensing in several key markets,
including the Netherlands, Kazakhstan, and Türkiye.

Bybit Enters Georgian Crypto Market

The exchange’s entry into the Georgian market is intended to
support the country’s digital transformation initiatives. As interest in
cryptocurrencies rises, Bybit aims to provide advanced trading solutions to
local users, entrepreneurs, and institutional investors.

Georgia’s regulatory framework and geographical advantages
position it as a potential hub for digital economic growth. According to Bybit,
it seeks to contribute to this ecosystem through best practices, educational
initiatives, and the promotion of innovation in the region.

“We are honoured to be registered as the VASP by the
National Bank of Georgia, marking a new chapter in our journey to support the
growth of the crypto ecosystem,” said Ben Zhou, Co-Founder and CEO at Bybit.

“This registration underlines our commitment to providing
users in Georgia with a secure and compliant platform, further contributing to
the region’s ambition of becoming a hotbed for blockchain
innovation.”

Bybit Receives Georgian VASP License, Strengthening Global Regulatory Presencehttps://t.co/bAVvwetnuV#PR pic.twitter.com/KSm0yrVxAE

— Crypto Daily™ (@cryptodailyuk) November 5, 2024

Nordic Blockchain Conference 2025 Highlights Bybit-NBA
Partnership

Meanwhile, Bybit
has formed a partnership with the Nordic Blockchain Association (NBA) to
support innovation and growth in the regional blockchain ecosystem, as reported
by Finance Magnates. This
collaboration is part of the NBA’s initiative to improve the blockchain
community in the Nordics.

The association seeks to tackle challenges associated with
blockchain adoption and promote educational programs. Bybit’s participation is
expected to advance these objectives by utilizing the exchange’s global
presence to foster local and international cooperation.

A notable aspect of this collaboration will be the Nordic
Blockchain Conference 2025, which is positioned as the largest blockchain and
Web3 event in the region.

This article was written by Tareq Sikder at www.financemagnates.com.