Bitget Secures Digital Asset License in Georgia, Running its Global Expansion Strategy in Eastern Europe
VICTORIA, Seychelles, June 19, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has secured regulatory approval in Georgia to operate as a provider of digital asset exchange and custodial wallet services through the Tbilisi Free Zone (TFZ). The new licensing development is a strategic expansion aligned with Bitget's plans of growing its licensing portfolio in Eastern Europe, a region increasingly dictating the growth of crypto through open regulatory frameworks and progressive economic outlooks.
Georgia has emerged as a notable hub for crypto innovation, drawing attention with its pro-business stance and supportive environment for crypto and blockchain companies. Ranked among the top countries for crypto mining per capita and blockchain integration, Georgia has actively pursued policies to align with global financial standards while embracing the strong potential of emerging cryptospace. The Tbilisi Free Zone offers tax advantages and has set frameworks and procedures for companies in the digital asset space, making it a hotbed for international players seeking operational flexibility with regulatory clarity.
'Regions with strong crypto-friendly frameworks are creating the foundation for the next era of finance. Georgia is an example of how strategic policymaking can open doors for growth while guarding users' safety and increasing accessibility. Bitget's goal is to work hand-in-hand with jurisdictions that understand the long game—where crypto is a synonym for the new emerging global economic infrastructure,' said Gracy Chen, CEO at Bitget.
Bitget's entrance into Georgia aligns with its broader objective of strengthening its presence in markets that support responsible innovation. As crypto adoption accelerates in Eastern Europe, the region has become increasingly important for digital asset platforms looking to serve both institutional and retail users under compliant structures. Regulatory transparency in jurisdictions like Georgia helps ensure that growth is matched with accountability, a principle that aligns with Bitget's international expansion approach.
Bitget currently holds registrations in several key jurisdictions across Europe, Latin America, and Asia-Pacific. These include AUSTRAC in Australia, OAM in Italy, and Virtual Asset Service Provider listings in Poland, Bulgaria, Lithuania, and the Czech Republic. In the UK, Bitget operates its FCA-approved platform partnering with an Authorized Person for the purposes of Section 21 of the Financial Services and Markets Act 2000. In addition, Bitget's recent licenses in El Salvador and registration Argentina adds depth to its reach across both rising and established economies, marking a deliberate move into markets shaping the next wave of crypto adoption.
The newly acquired license in Georgia builds on this momentum—signaling a preference for regions implementing crypto-friendly frameworks and regulatory prudence. Each new license marks yet another step towards Bitget's global strategy to include crypto into everyday infrastructure with high quality products, world-class security and strong compliance towards local regulations.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
5 hours ago
- Globe and Mail
Bitget Secures Digital Asset License in Georgia, Running its Global Expansion Strategy in Eastern Europe
VICTORIA, Seychelles, June 19, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has secured regulatory approval in Georgia to operate as a provider of digital asset exchange and custodial wallet services through the Tbilisi Free Zone (TFZ). The new licensing development is a strategic expansion aligned with Bitget's plans of growing its licensing portfolio in Eastern Europe, a region increasingly dictating the growth of crypto through open regulatory frameworks and progressive economic outlooks. Georgia has emerged as a notable hub for crypto innovation, drawing attention with its pro-business stance and supportive environment for crypto and blockchain companies. Ranked among the top countries for crypto mining per capita and blockchain integration, Georgia has actively pursued policies to align with global financial standards while embracing the strong potential of emerging cryptospace. The Tbilisi Free Zone offers tax advantages and has set frameworks and procedures for companies in the digital asset space, making it a hotbed for international players seeking operational flexibility with regulatory clarity. 'Regions with strong crypto-friendly frameworks are creating the foundation for the next era of finance. Georgia is an example of how strategic policymaking can open doors for growth while guarding users' safety and increasing accessibility. Bitget's goal is to work hand-in-hand with jurisdictions that understand the long game—where crypto is a synonym for the new emerging global economic infrastructure,' said Gracy Chen, CEO at Bitget. Bitget's entrance into Georgia aligns with its broader objective of strengthening its presence in markets that support responsible innovation. As crypto adoption accelerates in Eastern Europe, the region has become increasingly important for digital asset platforms looking to serve both institutional and retail users under compliant structures. Regulatory transparency in jurisdictions like Georgia helps ensure that growth is matched with accountability, a principle that aligns with Bitget's international expansion approach. Bitget currently holds registrations in several key jurisdictions across Europe, Latin America, and Asia-Pacific. These include AUSTRAC in Australia, OAM in Italy, and Virtual Asset Service Provider listings in Poland, Bulgaria, Lithuania, and the Czech Republic. In the UK, Bitget operates its FCA-approved platform partnering with an Authorized Person for the purposes of Section 21 of the Financial Services and Markets Act 2000. In addition, Bitget's recent licenses in El Salvador and registration Argentina adds depth to its reach across both rising and established economies, marking a deliberate move into markets shaping the next wave of crypto adoption. The newly acquired license in Georgia builds on this momentum—signaling a preference for regions implementing crypto-friendly frameworks and regulatory prudence. Each new license marks yet another step towards Bitget's global strategy to include crypto into everyday infrastructure with high quality products, world-class security and strong compliance towards local regulations. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For media inquiries, please contact: media@ Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
CTV News
7 hours ago
- CTV News
Russia's economy minister says the country is on ‘the brink of recession'
In this photo released by the Roscongress Foundation, Minister of Economic Development of the Russian Federation Maxim Reshetnikov attends a plenary session of the St. Petersburg International Economic Forum in St. Petersburg, Russia, Thursday, June 19, 2025. (Roscongress Foundation via AP) ST. PETERSBURG, Russia — Russia's economy is 'on the brink of going into a recession,' the country's economy minister said Thursday, according to Russian media reports. Economy Minister Maxim Reshetnikov delivered the warning at the St. Petersburg International Economic Forum, the annual event in Russia's second largest city designed to highlight the country's economic prowess and court foreign investors. Russian business news outlet RBC quoted the official as saying 'the numbers indicate cooling, but all our numbers are (like) a rearview mirror. Judging by the way businesses currently feel and the indicators, we are already, it seems to me, on the brink of going into a recession.' The economy, hit with a slew of sanctions after the Kremlin sent troops into Ukraine in February 2022, has so far outperformed predictions. High defense spending has propelled growth and kept unemployment low despite fueling inflation. At the same time, wages have gone up to keep pace with inflation, leaving many workers better off. Large recruiting bonuses for military enlistees and death benefits for those killed in Ukraine also have put more income into the country's poorer regions. But over the long term, inflation and a lack of foreign investments remain threats to the economy, leaving a question mark over how long the militarized economy can keep going. Economists have warned of mounting pressure on the economy and the likelihood it would stagnate due to lack of investment in sectors other than the military. Speaking at a forum session, Reshetnikov said Russia was 'on the brink,' and whether the country would slide into a recession or not depends on the government's actions. 'Going forward, it all depends on our decisions,' Reshetnikov said, according to RBC. RBC reported Russia's Finance Minister Anton Siluanov and Central Bank Gov. Elvira Nabiullina gave more optimistic assessments. Siluanov spoke about the economy 'cooling' but noted that after any cooling 'the summer always comes,' RBC reported. Nabiullina said Russia's economy was merely 'coming out of overheating,' according to RBC.
Globe and Mail
8 hours ago
- Globe and Mail
Why PureCycle Technologies Was Racing Higher This Week
Experimental plastics recycling company PureCycle Technologies (NASDAQ: PCT) got a boost this week from a bullish note published by an analyst. By late Thursday evening, according to data compiled by S&P Global Market Intelligence, the company's shares were trading more than 18% higher week to date. A bull reiterates his buy recommendation The PureCycle bull is Cantor Fitzgerald's Andres Sheppard, who on Wednesday morning reiterated his overweight -- buy, in other words -- recommendation on the company's stock. He also maintained his $12-per-share price target. In Sheppard's view, according to reports, PureCycle is a fine long-term play as it leverages patented, exclusive technology for plastics recycling. It also boasts a first-mover advantage and sits in front of a large total addressable market. PureCycle is also actively demonstrating its offerings to the world in a series of customer trials, of which there are more than 30 at present, according to the analyst. A further slate of over 50 trials is pending. Finally, it recently booked its first revenue, moving it out of the experimental and into the commercial stage of its life. The ability to scale The Cantor Fitzgerald pundit also sounded a bullish note about PureCycle's future, pointing out that a facility currently in development in Georgia should add meaningful scale to its operations. That plant is expected to become operational in 2027. Given its unique angle on plastics recycling, PureCycle is certainly an intriguing investment. It's certainly worth a look, as we live in a world awash in plastic and good recycling solutions are welcome. I'd say this is a stock to keep an eye on. Should you invest $1,000 in PureCycle Technologies right now? Before you buy stock in PureCycle Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and PureCycle Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,871!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $875,479!* Now, it's worth noting Stock Advisor 's total average return is998% — a market-crushing outperformance compared to174%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
