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Bybit Expands Global Presence With VASP Registration by the National Bank of Georgia

Bybit Expands Global Presence With VASP Registration by the National Bank of GeorgiaBybit has announced its registration as a Virtual Asset Service Provider (VASP) by the National Bank of Georgia, marking a significant step in the company’s commitment to regulatory compliance in the country. This registration aligns with Bybit’s global compliance strategy, which has seen the company secure licenses in key markets such as the Netherlands, Kazakhstan, […]

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Ripple Meets With National Bank of Georgia To Discuss Digitization of Country’s Economy

Ripple Meets With National Bank of Georgia To Discuss Digitization of Country’s Economy

San Franscisco-payments firm Ripple is working with the National Bank of Georgia (NBG) to digitize the local economy. Acting governor Natia Turnava and Varlam Ebanoidze, head of the NBG’s tech development department, recently met with Ripple executive James Wallis to enhance financial technology cooperation, according to a LinkedIn post from June 8. “Acting Governor of […]

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Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023

Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize their proposals for the pilot which the monetary authority plans to initiate in the first half of the year. Financial Authorities in Georgia Gear Up […]

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Georgia to Pilot Digital Currency in Retail Commerce Next Year

Georgia to Pilot Digital Currency in Retail Commerce Next YearThe central bank of Georgia is advancing its digital currency project. The monetary authority is preparing to launch the CBDC as early as next year and plans to use the blockchain-based version of the national fiat, the Georgian lari, to facilitate retail sales. Georgia to Introduce Digital Lari in 2022 The National Bank of Georgia […]

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