Bybit, a prominent crypto exchange, has obtained a Virtual Asset Service Provider (VASP) license from the National Bank of Georgia as part of its global compliance strategy. This recent development adds to Bybit's growing list of regulatory approvals in various countries such as the Netherlands and Kazakhstan. Bybit now accepts international payment cards registered in Georgia, allowing it to operate within the country's flourishing crypto ecosystem. The company's focus on compliance aligns with its goal of promoting crypto economic growth in new markets. Bybit's CEO, Ben Zhou, views this license as a testament to the platform's commitment to providing a secure and compliant trading environment for Georgian users. Georgia's increasing interest in blockchain technology is evident, with discussions between Ripple executives and the National Bank Governor about leveraging blockchain for economic digitalization. Bybit's expansion and emphasis on regulatory compliance reflect broader industry trends aimed at enhancing user experiences and driving economic growth. Read more AI-generated news on: https://app.chaingpt.org/news