Written by: Sarmad Mansoor (Sindhi 17)

Georgia is one of the crypto-friendly jurisdictions where cryptocurrency businesses are fully legal and can operate after obtaining a VASP license. With transparent regulations, strong regulatory oversight, and reasonable operational costs, Georgia has become an attractive destination for crypto startups, exchanges, and blockchain businesses.

In addition, cryptocurrency adoption is already visible on the ground. Crypto ATMs have been installed in major cities across Georgia, allowing users to exchange cryptocurrencies into Euro, US Dollars, or Georgian Lari (GEL). Alongside this, licensed and operating crypto exchange offices are already active, enabling the exchange of cryptocurrency to physical cash and physical currency into cryptocurrency, further strengthening Georgia’s growing digital asset ecosystem.

✅ Key Requirements

To legally operate a cryptocurrency business in Georgia, you must:

  • Register a legal entity (LLC or JSC) in Georgia

  • Comply with AML/CFT regulations

  • Appoint a local director or resident (present in Georgia at least 14 days per month)

  • Lease a physical office address in Georgia

  • Develop and implement AML/KYC policies and procedures

  • Pay the official licensing fee of GEL 5,000 (approx. €1,700)

📝 Licensing Process (Step-by-Step)

1️⃣ Company Registration

Register your company with the National Agency of Public Registry (NAPR) in Georgia.

2️⃣ Document Preparation

Prepare and collect all required documentation, including:

  • Identification details of directors and shareholders

  • Business plan and financial forecasts

  • AML/KYC and risk management policies

  • Technical and operational documentation

3️⃣ Application Submission

Submit the VASP license application to the National Bank of Georgia (NBG).

4️⃣ Regulatory Review

The NBG reviews the application and verifies regulatory compliance.
⏳ Estimated review period: 2–4 months

5️⃣ License Issuance

Once approved, the company receives its VASP (Virtual Asset Service Provider) license and can legally operate.

🌟 Key Benefits of Georgia’s Crypto Framework

  • Fast licensing timeline (approximately 2–4 months)

  • Low operational and regulatory costs

  • No minimum capital requirement

  • Clear and structured regulatory oversight

  • Growing reputation as a crypto-friendly hub

🏛️ Regulatory Authorities

  • National Bank of Georgia (NBG)
    Primary regulator and licensing authority for VASPs

  • Financial Monitoring Service (FMS)

    Supervises AML/CFT compliance and transaction monitoring

📌 Conclusion

Georgia offers a balanced crypto regulatory environment with legal certainty, affordable licensing, and strong AML standards—making it an ideal choice for launching a compliant cryptocurrency business.

$BTC $BNB

#Write2Earn #Georgia #CryptocurrencyWealth