Georgian PM and FTX founder discuss prospects for Georgia as regional office
Garibashvili highlighted the Georgian government welcomed investors and was ready to facilitate foreign direct investment in the country. Photo: Prime Minister's press office
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A prospect of Georgia serving as a regional office hub for FTX cryptocurrency exchange was discussed by Prime Minister Irakli Garibashvili and FTX founder and billionaire Sam Bankman-Fried at the ongoing Munich Security Conference.
Georgia’s strategic location, stable and favourable business environment and opportunities for investors were discussed at the meeting, the government administration said, while Garibashvili tweeted his team had highlighted the country’s prospect to be an “outstanding platform” for the exchange platform.
Great opportunity to talk w/@SBF_FTX on how to develop our partnership in the future. ????????'s geographic location coupled w/ stable & favourable business environment creates outstanding platform for @FTX_Official to expand their operations across the region & beyond. pic.twitter.com/1Tt5gUIkt6
— Irakli Garibashvili (@GharibashviliGe) February 19, 2022
The government head suggested to the founder of the crypto derivatives exchange to consider expanding its regional office or customer service in Georgia, which would serve a wider regional area. Garibashvili highlighted the Georgian government welcomed investors and was ready to facilitate foreign direct investment in the country.
The government administration also said the talks - also attended by the administration head Ilia Darchiashvili - had involved the growing dynamics of the expansion of cryptocurrency and derivatives stock exchange activities, both regionally and globally.
The founder and CEO of FTX ($40 billion in assets) is one of the richest men in the crypto industry and has amassed $22.5 billion before turning 30 by profiting off the cryptocurrency boom.