Bybit Launches Fully Licensed Crypto Platform in Georgia, Strengthening Global Expansion

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has officially expanded into Georgia with a fully licensed localized platform. The new platform, accessible at www.bybitgeorgia.ge, marks Bybit as the first global crypto leader to operate in Georgia with a full local license. This strategic move follows Bybit's recent expansion into the European Union, underscoring its commitment to broadening its global footprint while adhering to regulatory standards. The launch highlights Bybit's dedication to providing world-class cryptocurrency services and supporting Georgia's growing digital economy. Tekla Iasha, a representative from Bybit, emphasized the significance of this milestone, stating that it reflects the exchange's mission to deliver secure and innovative crypto solutions tailored to local markets. This development is expected to enhance crypto accessibility and adoption in Georgia, further solidifying Bybit's position as a key player in the global cryptocurrency landscape.

Bybit Expands into Georgia with Fully Licensed Crypto Platform

Bybit, the world's second-largest cryptocurrency exchange by volume, has launched a localized platform for Georgian users at www.bybitgeorgia.ge. The move marks Bybit as the first global crypto leader to operate in Georgia with a full local license, following its recent EU expansion.

"This milestone reflects our commitment to delivering world-class crypto services while supporting Georgia's digital economy," said Tekla Iashagashvili, Country Manager of Bybit Georgia. The platform offers spot trading, OTC services, and asset conversion, with plans to introduce fiat ramps and a crypto debit card.

India Imposes 18% GST on Crypto Services, Adding to Heavy Tax Burden

India's cryptocurrency traders face a steeper fiscal challenge as Bybit announces an 18% Goods and Services Tax (GST) on all platform services effective July 7, 2025. The MOVE compounds existing taxes including a 30% capital gains levy and 1% transaction TDS, positioning India among the world's most aggressive crypto-taxing jurisdictions.

The new GST applies comprehensively—spanning spot trading, derivatives, staking rewards, and even deposit/withdrawal functions. Crypto influencer Keyur Rohit warns this triple-tax structure may drive users toward unregulated alternatives, undermining New Delhi's attempts to monitor digital asset flows.

Unlike regional peers embracing crypto innovation, India continues its restrictive approach. Market observers note the policy could stifle institutional participation just as global asset managers expand crypto ETF offerings worldwide.