Bybit obtains VASP license in Georgia

Bybit, the second largest cryptocurrency exchange by volume, has been authorized as a Virtual Asset Service Provider by the National Bank of Georgia. This achievement reinforces its commitment to global regulatory compliance and digital economic growth.

The approval in Georgia is part of a broader regulatory campaign in 2024, which includes licenses in the Netherlands, Kazakhstan, and Turkey.

Bybit aims to drive Georgia's digital transformation, aligning with its ambition to be a blockchain innovation hub.