Bank AI

PayPal USD

Silk Road

<div class="cryptonews">
 <p class="is-style-lead">The 4th Tbilisi Silk Road Forum concluded on Oct. 27 after two days of discussions on the future of fintech, cryptocurrencies and global connectivity.</p>
 <p class="is-style-default">A highlight of the event was a panel featuring Ben Zhou, co-founder and CEO of leading crypto exchange Bybit. According to an announcement shared with crypto.news, speaking before an audience of over 2,000 attendees from more than 60 countries, Zhou shared insights on Bybit’s strategic approach to new jurisdictions.</p>
 <p>Zhou explained that Bybit looks at regulatory structure, proximity to central banks, local talent pools and favorable policies when deciding where to operate. He also suggested Georgia could become a regional hub for Bybit, citing the country’s supportive central bank and regulatory environment.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> ByBit to pause operations in the UK following new crypto rules
 </div>
 <p>On the topic of trust in cryptocurrencies, Zhou reflected on the industry’s remarkable growth over the last five years, as concepts like decentralized finance and NFTs have gone mainstream. Zhou claimed crypto is now a trusted asset class, especially in countries with unstable financial systems. People use platforms like Bybit not just for trading, but for secure banking services like exchanging fiat for crypto and earning yields on holdings.</p>
 <p>Security remains a priority, and Zhou noted Bybit’s perfect record — no outages or breaches since launching in 2018, a differentiator for the company in an industry fraught with cyberattacks. In his closing remarks, Zhou articulated Bybit’s ethos as an infrastructure provider building <a rel="noopener noreferrer nofollow" title="bridges" href="https://thebittimes.com/tag/bridges.html">bridges</a> to the Web3 future.</p>
 <blockquote class="wp-block-quote">
  <p>Our mission is to empower individuals, businesses, and economies to thrive in this dynamic landscape. We don’t build the city, but we take people to the city, where the limitless potential of blockchain and cryptocurrency awaits.</p> <cite>Ben Zhou</cite>
 </blockquote>
 <p>The wider forum focused on supply chains, logistics, connectivity and transportation infrastructure investment. It convened leaders in government, finance and diplomacy to discuss shaping regional and global trade.</p>
 <p>Georgia’s acting Central Bank Governor and the CEO of 500 Global were among the other prominent speakers at the event.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Bybit adds PayPal USD stablecoin, PYUSD, to its platform
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bybit-ceo-bridges-path-to-web3-at-silk-road-forum-tbt68356.html">https://thebittimes.com/bybit-ceo-bridges-path-to-web3-at-silk-road-forum-tbt68356.html</a></p>

Bybit CEO bridges path to Web3 at Silk Road Forum

TheBitTimes

Other articles published on Oct 30, 2023

Bearish Signals Flash for Cardano, Dogecoin, & These Altcoins: What’s Next?

Why Is Bitcoin Price Rising Suddenly, Will It Continue to Rise?

Shiba Inu Poised To Destroy A Zero: Here's When

MAS Allies with Global Regulators for Digital Asset Development!

Growing Futures: Kissan Farmplay — Where Fun, Farming, and Financial Freedom Flourish!

Analyst Michael van de Poppe Evaluates the Current Situation of Solana (SOL), Chainlink (LINK), a...

Join our free newsletter for daily crypto updates!