Georgian PM, Binance CEO discuss Georgia's "stable, favourable" business environment
Georgian prime minister Irakli Garibashvili met Changpeng Zhao, the CEO of Binance. Photo: PM's press office
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Georgian prime minister Irakli Garibashvili and Changpeng Zhao, the CEO of Binance, the world's largest cryptocurrency exchange, on Wednesday discussed the "stable and favourable" business environment of Georgia and "significant opportunities" offered by the country to investors.
After the meeting Zhao posted on his Twitter:
Met with Mr. Prime Minister of Georgia ???????? Irakli Garibashvili this morning. Had a great discussion about Web3 economy and Georgia. https://t.co/aXhHpe98pg pic.twitter.com/l0RGS4O13L
— CZ ???? Binance (@cz_binance) November 30, 2022
The government administration said the meeting had emphasised Georgia’s positioning as a hub of advanced financial technologies, highlighting its “strategic location” and "innovation-driven government".
Garibashvili said that his team was ready to "greatly support" foreign direct investments, noting the country's legislation was “prepared” to regulate cryptocurrency exchange.