Day: June 19, 2025

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 more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/595c8101-71b3-4f99-9849-5682104ad6de

GlobeNewswire Distribution ID 1001103785

HONG KONG SAR – Media OutReach Newswire – 19 June 2025 – Hong Kong has moved up two places to rank as the world’s third most competitive economy, marking the second successive year that the city has jumped two places in the global rankings to reach its highest position since 2019.

The World Competitiveness Yearbook 2025 (WCY 2025), published (June 17) by the Swiss-based International Institute for Management Development (IMD), assessed 69 economies around the world. Hong Kong made gains in all the factors of competitiveness: “Government efficiency” (second), “Business efficiency” (second) “Economic performance” (sixth), and “Infrastructure” (seventh). The IMD remarked that the gains across all four factors of competitiveness reflect a broad-based approach of Hong Kong to attracting private sector investment.

“The World Competitiveness Yearbook shows that Hong Kong’s scores in overall terms and in many areas have improved, indicating that the Hong Kong Special Administrative Region (HKSAR) Government’s policy directions are on the right course and that various policies have yielded results,” said the HKSAR’s Chief Executive John Lee.

Hong Kong has ranked among the top 10 in the world for over 20 consecutive years, since the WCY 2003.
Hong Kong rises to World’s No.3 most competitive economy

Mr Lee said the ranking also “affirms Hong Kong’s world-class business environment, reflecting business leaders’ positive views on its competitiveness and strengths, including the rule of law, independent exercise of judicial power, a simple tax regime with low tax rates, an efficient and transparent market, a robust financial system, and a facilitating environment aligned with international best practices, as well as free flow of capital, information, goods and talent, which are affirmed by the business community.”

Despite the current uncertain global economic landscape and geopolitical turmoil, Hong Kong recorded solid year-on-year GDP growth of 3.1% in the first quarter of 2025, with full year GDP growth expected to be 2% to 3%.

Totally, 145,053 local companies were newly registered under the Companies Ordinance last year, bringing the overall number of local companies registered to a record high of 1,460,494, at end-2024. Meanwhile, 1,079 newly established non-Hong Kong companies were registered, bringing that overall total to an all-time high of 15,126.

“Under the unique advantages of ‘one country, two systems’, Hong Kong enjoys both the China advantage and the global advantage. We will continue to leverage Hong Kong’s role as a ‘super-connector’ and ‘super value-adder’, strengthen international exchanges and co-operation, expand and deepen regional trade, explore new markets, with a view to building a vibrant economy, striving for development and improving people’s livelihoods on all fronts,” Mr Lee said.

To attract more non-Hong Kong incorporated companies to re-domicile to Hong Kong, the Government launched a new company re-domiciliation regime legislation last month, providing a simple and accessible mechanism for re-domiciliation to Hong Kong.

Already, two insurance companies, AXA Hong Kong and Macau (AXA China Region Insurance Company (Bermuda) Limited) and Manulife (International) Limited have announced plans to re-domicile to Hong Kong under the new regime, subject to regulatory approvals.

Hong Kong is actively driving reforms to strengthen and enhance its position as an international financial, trade, and shipping centre, trawling for businesses and talents. The Office for Attracting Strategic Enterprises has attracted over 80 strategic enterprises to establish offices in Hong Kong, bringing about HK$50 billion total investments in the years to come, and creating over 20,000 jobs.

Among the sub-factors in the WCY 2025, Hong Kong came top for “Tax policy” and “Business legislation” and second for “Education”, “International investment” and “Finance”.

Ranked as a top three global financial centre, Hong Kong’s stock exchange is a key barometer of financial market performance. By May 30, 2025, stock market capitalisation had increased by 24% year-on-year to over US$5.2 trillion.

Notably, the Hong Kong Stock Exchange has seen a surge in initial public offerings (IPOs), with total IPO funds raised reaching nearly HK$79 billion (US$10.12 billion) so far this year, making it the leader among major global exchanges.
Hong Kong is one of the world’s top three ranked global financial centres

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All new and existing Axi Select traders can benefit from a limited-time 10% profit-sharing offer during the program’s first stage this August

SYDNEY, June 19, 2025 (GLOBE NEWSWIRE) — Leading online FX and CFD broker Axi is bringing back last year’s standout promotion in its capital allocation offering, inviting more traders to reap the benefits of Axi Select.

Throughout August 2025, all new and existing Axi Select clients in Seed – the first stage of the program – will receive access to $5,000 in trading capital and benefit from a generous 10% profit-sharing opportunity at month’s end. This unique promotion allows traders to not only joining the broker’s funded trading program for free but to also benefit from an exclusive profit-sharing opportunity – typically unavailable at the first stage.

Profit-sharing is traditionally not available at Seed. At this stage, traders focus on solidifying their knowledge and skills using the Axi Select Trading Room and Dashboard. However, once they advance to Incubation – Axi Select’s second stage – the structure changes significantly, with traders becoming eligible for a 40% profit-sharing from Axi funds, increasing up to 90% upon reaching the program’s top milestone.

This limited time offer aims to showcase the tremendous potential of Axi Select to a broader range of talented, ambitious traders. As Greg Rubin, Head of Axi Select, says: “In August, we invite both new and existing traders to discover the innovation that is Axi Select. Axi Select is not just an empty promise of success – multiple traders have already secured the top funding amount of $1,000,000 USD. Our revolutionary, trader-centric program provides all the tools and support needed to guide your trading journey.”

Participation in the promotion is free and incurs no fees – the main requirements for new traders are to create their Axi Select account, fund it with at least $500, and qualify for the Seed stage before or during the promotional period. Trades placed in one’s Axi Select account will be mirrored in their allocation account, where all profits generated from trading activity during this period will be subject to a 10% profit-share – automatically paid out at the end of month. Existing clients in Seed will automatically participate by placing trades between August 1^st and 31^st. Learn more about the Axi Select capital allocation program, here.

About Axi

Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more.

For more information or additional comments from Axi, please contact: [email protected]

The Axi Select program is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available to AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. *Standard trading fees and minimum deposit apply.  

GlobeNewswire Distribution ID 1001103557