Bitcoin, Ethereum, Ripple and Many More
Cryptocurrency and blockchain law involves helping with crypto and blockchain regulations in Georgia. Our law firm in Tbilisi provides professional support in navigation cryptocurrency and blockchain law in Georgia.
Crypto Regulations: Is Crypto Legal in Georgia?
Owning and trading cryptocurrency is legal in Georgia. Furthermore, the crypto tax rates on gains for individual traders are generally set at 0%, except for specific exceptions that may apply. This favorable taxation environment makes Georgia an attractive destination for cryptocurrency enthusiasts.
Also, Georgia has emerged as a significant hub for crypto mining. This is attributed to its abundant and affordable hydroelectric power and the absence of stringent government regulations. If you're considering crypto mining, Georgia is a prime location to explore your options.
Obtaining Crypto License in Georgia
Georgia offers a welcoming environment for cryptocurrency enthusiasts, with a legal framework that supports ownership and trading. However, it's essential to stay informed about potential regulatory changes, as the landscape could evolve over time.
Services you can provide with a crypto license:
- Virtual asset exchange
- Cryptocurrency transfer
- Custody and management of cryptocurrency assets or portfolios
- Crypto lending
- Initial Coin Offering (ICO)
Crypto & Blockchain Legal Consultant
At our law firm, we specialize in cryptocurrency and blockchain law, providing expert consultation on cryptocurrency and blockchain regulations in Georgia. Whether you need guidance or legal consultation, representation in court, or simply want to stay up-to-date with the evolving crypto landscape, our team of legal experts is here to assist you.
FAQs
Do individuals need a Crypto License in Georgia?
The resolution of the National Bank does not apply to persons who buy and sell cryptocurrencies and engage in mining themselves. Only intermediaries need to be registered for transactions - the main characteristic of a Virtual Asset Service Provider (VASP) is that it carries out transactions on behalf of third parties.
How much does it cost to get a crypto license in Georgia?
The state tax for obtaining a Georgian cryptocurrency exchange license is approximately 1500 GEL.
What cryptocurrencies can be exchanged with the license?
There are no special restrictions in the regulations of the National Bank of Georgia. You can work with all convertible digital assets that have a market value in fiat equivalent, be it Bitcoin, Ethereum, Solana, Toncoin or Tether stablecoins.
Is crypto a legal currency in Georgia?
No, the only legal currency for transactions in Georgia is the Georgian Lari (GEL). However, this does not mean that one cannot work with cryptocurrencies in the country. You can easily open a bank account with a local Georgian bank with balances in USD, GBP and EUR, allowing you to conveniently manage your finances.







