Bybit Expands Operations In Georgia With Regulatory-Driven Approach And Largest Crypto Card Launch

Cryptocurrency change Bybit annnounced that its Co-founder and CEO, Ben Zhou, met with Irakli Kobakhidze, Prime Minister of Georgia, in Tbilisi to debate the continuing growth of Georgia

’s digital asset ecosystem and the function of accountable innovation in enhancing the nation’s monetary know-how sector.

The assembly underscored Bybit’s long-term dedication to positioning Georgia as a strategic hub for monetary innovation and digital asset providers within the area. Discussions targeted on regulatory cooperation, fintech innovation, and alternatives to develop Georgia’s rising digital economic system by collaboration between authorities authorities and business leaders. 

The assembly was attended by Mariam Kvrivishvili, Minister of Economy and Sustainable Development of Georgia, Levan Zhorzholiani, Head of Government Administration, and Shota Lomtadze, Co-Founder and CEO of Bybit Georgia.

Prime Minister Kobakhidze welcomed the involvement of main worldwide fintech firms in Georgia, noting that growing curiosity from world know-how and monetary platforms displays the nation’s engaging funding local weather and increasing potential in digital innovation and monetary providers. The Prime Minister additionally highlighted Georgia’s financial efficiency, with a median progress charge of 9.3 p.c recorded between 2021 and 2025.

Building A Trusted Digital Asset Ecosystem In Georgia

Since getting into the Georgian market, Bybit has pursued a compliance-first technique, establishing its native presence by shut collaboration with regulators and a concentrate on constructing trusted monetary infrastructure.

“Georgia is changing into a mannequin for the way crypto firms can embed themselves into a rustic’s monetary material,” stated Ben Zhou in a written assertion. “We have gone from acquiring our VASP license to launching native funds infrastructure, changing into the biggest crypto card issuer within the nation, and constructing partnerships with each world stablecoin leaders and native banking establishments. That’s the form of deep integration that creates actual worth for customers and for the economic system,” he added. 

Bybit’s operations in Georgia now embody a full spectrum of providers from buying and selling to funds. The firm grew to become the primary world change to safe a Virtual Asset Service Provider (VASP) license in Georgia in This autumn 2024, establishing a regulatory basis for its native actions. In July 2025, Bybit launched bybitgeorgia.ge, offering Georgian customers with seamless entry to world digital asset providers within the native language. By This autumn 2025, Bybit secured a Payment Service Provider (PSP) license, enabling the corporate to construct native fiat cost rails and set up a key function in Georgia’s funds ecosystem.

The launch of the Bybit Card in January 2026 positioned the corporate as the biggest crypto card issuer in Georgia, connecting digital belongings with on a regular basis spending and service provider funds. In addition, Bybit is actively negotiating partnerships with a number one Georgian financial institution to supply built-in crypto buying and selling providers, aiming to ship digital asset entry on to conventional banking prospects, a first-of-its-kind mannequin within the area.

Beyond infrastructure growth, Bybit has dedicated to supporting Georgia’s funds modernization and monetary inclusion initiatives. The firm continues to interact with regulators, banking companions, and business stakeholders to advertise digital literacy and innovation throughout the nation.

“Regulatory readability and constructive dialogue with policymakers are the inspiration,” stated Ben Zhou. “But the true measure of success is whether or not we’re making monetary providers extra accessible, extra inexpensive, and extra related for on a regular basis Georgians. That’s what we’re constructing towards,” he added. 

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