The National Bank of Georgia reported that Governor Natia Turnava met with Bybit Co-Founder and Chief Executive Officer Ben Zhou to discuss the official launch of Bybit’s operations in the Georgian market, linking the entry of new participants to greater competition alongside the central bank’s financial stability mandate. The central bank highlighted the rapid development of the non-bank financial sector, including virtual asset service providers, and framed Bybit’s entry as supporting more competition and more accessible payment products. Zhou characterised Georgia’s licensing process as strict and detailed but transparent and predictable, and Bybit outlined planned initiatives in Georgia including educational partnerships, training sessions and workshops, and internship and professional development programmes focused on awareness of digital asset services within a regulated framework.

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