Bybit receives VASP license in Georgia, expanding regulatory compliance and global presence
From Investing.com
November 5, 2024 05:30 AM:
Bybit, the second-largest cryptocurrency exchange by trading volume, has obtained registration as a Virtual Asset Service Provider by the National Bank of Georgia. This milestone showcases Bybit’s dedication to regulatory compliance and commitment to fostering digital economic development in the country. Bybit has also secured licensing in key markets like the Netherlands, Kazakhstan, and Türkiye in 2024, emphasizing a transparent and secure environment for digital assets globally. CEO Ben Zhou expressed pride in the registration, highlighting Bybit’s support for the growth of the crypto ecosystem in Georgia and providing a secure platform for users in the region. Bybit’s entry into the Georgian market aims to facilitate the country’s digital transformation and meet the increasing demand for cryptocurrencies by offering world-class trading solutions to local users, entrepreneurs, and institutional investors. With progressive regulation and strategic geographical positioning, Georgia presents fertile ground for a digital economy, and Bybit looks forward to enriching the ecosystem with global best practices, education, and new innovation opportunities.
Bybit is the world’s second-largest cryptocurrency exchange, serving over 50 million users since its establishment in 2018. The platform offers an ultra-fast matching engine, 24/7 customer service, and multilingual community support for crypto investors and traders. Bybit is also a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team. For more information about Bybit, visit Bybit Press. For media inquiries, contact [email protected]. Stay updated with Bybit’s Communities and Social Media for the latest news and updates. Contact Head of PR, Tony Au, at [email protected]. Visit the original article on Chainwire for more details.
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