• ABOUT US
    • History
    • Our Team
    • Advertising
    • Subscription
  • CONTACT US
Georgia Today
No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
No Result
View All Result
Georgia Today
No Result
View All Result

TBC Announces Partnership with Binance – World’s Leading Blockchain Ecosystem and Cryptocurrency Infrastructure Provider

by Georgia Today
December 3, 2022
in GEO
Reading Time: 2 mins read
TBC Announces Partnership with Binance – World’s Leading Blockchain Ecosystem and Cryptocurrency Infrastructure Provider

TBC is pleased to announce a new partnership with Binance – a leading blockchain infrastructure provider. On November 30, 2022, the CEO of Binance, Changpeng Zhao, and the CEO of TBC, Vakhtang Butskhrikidze held a meeting at TBC headquarters in Tbilisi, Georgia to discuss the areas of cooperation between the two organizations as envisaged in the Memorandum of Understanding signed earlier in November.

This partnership connects Binance – the world’s leading cryptocurrency and blockchain infrastructure provider and TBC – a leading financial institution and a top technology company in the region. This makes an unprecedented collaboration in Georgia and the wider region, which will greatly contribute to the development of the virtual asset markets and digital ecosystem in Georgia and the region.

The MOU expressed the mutual interest of Binance and TBC in the development of virtual asset markets in Georgia and the creation of a long-term and sustainable platform for cooperation. As a partner to Binance, TBC Bank will open bank accounts for cryptocurrency exchange operations and provide fiat on/off ramp for Binance in Georgia to enable local users to safely buy/sell cryptocurrency on Binance Georgia exchange platform using the local currency Georgian Lari. TBC Bank and Binance will explore opportunities to issue a co-branded Binance card. Binance, on its part, will consider offering its proprietary crypto Broker API to TBC Bank and its subsidiaries to enable its investment platforms to offer crypto access to customers.

Binance has the most robust compliance program in the industry, including anti—money laundering (AML) principles and global sanctions, as well as tools for the proactive detection of suspicious accounts and fraudulent activity. These tools and compliance programs make Binance a reliable and sustainable partner for TBC to support Georgian customers to trade with cryptocurrency in a safe and secure manner.

CEO of TBC Vakhtang Butskhrikidze commented: “By announcing our partnership today, Binance and TBC have come together to make peoples’ lives easier by enabling them to buy/sell cryptocurrency on the Binance platform using TBC Bank’s acquiring services. I believe, Binance is a responsible global player, which understands the risks of the industry and acts in full compliance with AML/CTF procedures and international sanctions. In addition, it is our intention to create additional value to our users through financial literacy and awareness-raising campaigns. We look forward to our future cooperation, which will greatly benefit the development of the regional virtual asset markets and our customers in the years to come.”

ShareShareTweet

Related Posts

მზის ენერგია გონივრული მომავლისთვის — შპს ჯგუფი 2805, რომელიც თიბისი ბიზნესის მხარდაჭერით განვითარდა
GEO

მზის ენერგია გონივრული მომავლისთვის — შპს ჯგუფი 2805, რომელიც თიბისი ბიზნესის მხარდაჭერით განვითარდა

May 30, 2025
თიბისი კონცეპტი თეატრის „სახელოსნო 42“ ზაფხულის სეზონის წარმდგენია
GEO

თიბისი კონცეპტი თეატრის „სახელოსნო 42“ ზაფხულის სეზონის წარმდგენია

May 30, 2025
თიბისის დაფინანსებით, ქართული დროშის ქვეშ მცურავი პირველი სატვირთო ბორანი გადაზიდვებს ასრულებს
GEO

თიბისის დაფინანსებით, ქართული დროშის ქვეშ მცურავი პირველი სატვირთო ბორანი გადაზიდვებს ასრულებს

May 30, 2025

Recommended

Putin, Xi, and allied leaders mark Russia’s Victory Day at Moscow parade

Putin, Xi, and allied leaders mark Russia’s Victory Day at Moscow parade

3 weeks ago
Experience Seamless Connectivity with Silknet eSIM in Georgia

Experience Seamless Connectivity with Silknet eSIM in Georgia

11 months ago
Champion Karateka Luka Khvedeliani on the Benefits of Georgian Karate for Georgia’s Youth

Georgia to Celebrate First Europe Day with European Union Candidate Status

1 year ago
Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

3 years ago
Natia Mezvrishvili on Dealing with 2 Political Giants

Natia Mezvrishvili on Dealing with 2 Political Giants

3 years ago
Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

3 years ago
GT Interview with Giorgi Badridze

GT Interview with Giorgi Badridze

3 years ago
Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

3 years ago

Navigation

  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

Highlights

MIA: Nika Melia detained on administrative charges

Ukraine Latest: Drones, Drills, and Diplomacy

British Journalist Barred from Georgia after Investigating Links to Sanctioned Russian Oligarch

The Blooming Electric Now: How DOCA Film Club’s ‘New Georgian Films’ Program Captures a Nation Mid-Transformation

ZEG Festival returns to Tbilisi with future-focused storytelling

Giorgi Bachiashvili: Ivanishvili’s orders led to my kidnapping and 2 days blindfolded

Trending

Experience Seamless Connectivity with Silknet eSIM in Georgia
Business & Economy

Experience Seamless Connectivity with Silknet eSIM in Georgia

by Georgia Today
June 26, 2024

Why Silknet's eSIM could be your top choice in Georgia  Since its introduction, eSIM technology has become...

Photo by the author

Virtuosity and Versatility: Marc-André Hamelin Opens Tbilisi Piano Festival 2024

May 30, 2024
  • Where.ge
  • Newspaper
  • GEO
  • Magazine
  • Old Website

2000-2024 © Georgia Today

No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

2000-2024 © Georgia Today