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.

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.