Georgia maintains a crypto-friendly regulatory environment with a VASP registration framework established by the National Bank of Georgia in 2023, based on anti-money laundering laws. The regulator page does not provide detailed crypto-specific regulatory information but confirms ongoing financial sector developments and stability.
| Status | crypto_friendly |
| Risk Score | 15/100 (Low Risk) |
| Region | europe |
| Currency | GEL |
| Adoption Rank | #28 |
| Capital Gains (Personal) | 0% on individual crypto gains (crypto classified as non-taxable virtual property for individuals) |
| Capital Gains (Corporate) | 15% corporate tax on distributed profits; 0% on retained |
| VAT on Crypto | No |
| Staking Tax | Tax-exempt for individuals |
| Airdrop Tax | Tax-exempt for individuals |
Georgia exempts individual crypto gains from income tax, making it attractive for personal crypto investment. The corporate tax system (Estonian model) taxes only distributed profits at 15%. Mining operations benefit from low electricity costs and individual tax exemption.
| Required | Yes |
| Regulator | NBG |
| Framework | VASP Registration Framework — NBG Order No. 94/04 (June 13, 2023) |
| Ease | medium |
| Cost (USD) | $5,000 - $30,000 |
Licensing is based on the Law of Georgia on Facilitating the Suppression of Money Laundering and Terrorism Financing (2019, amended 2023). VASPs must register with the National Bank of Georgia.
Minimal crypto-specific enforcement. NBG has issued warnings about crypto risks but has not taken formal enforcement actions.
| Status | Research |
| Name | Digital Lari |
| Issuing Authority | National Bank of Georgia |
| Model | retail |
| Technology | Ripple (DLT) |
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: unregulated
No explicit regulation on DeFi; generally unregulated but allowed under existing crypto-friendly framework.
Status: unknown
Stablecoin issuance is now regulated. NBG Order No. 52/04 (signed March 6, 2026) establishes rules for Initial Coin Offering of stablecoins by VASPs. Requirements: VASP registration required, minimum capital GEL 500,000 (~$186,000), 100% reserve backing at all times, minimum 10% in cash/short-term deposits at Georgian banks, quarterly external audits, annual financial reporting to NBG, penetration testing and BCP annually. Algorithmic stablecoins excluded. 6-month transition period for existing issuers (until September 2026). Pegging to GEL, foreign currency, or other assets permitted.
Status: no_rules
No NFT-specific regulation.
| Legal | Yes |
| Electricity Cost | $0.058/kWh |
| Renewable Energy | 80% |
| Infrastructure | good |
Mining is legal and benefits from relatively low electricity costs and high renewable energy share, supporting sustainable operations.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 56/100 |
| Banking Access | moderate |
| Sanctions Program Active | No |
Risk Factors
Georgia is politically stable with moderate corruption and moderate ease of doing business. It is not under international sanctions and has a free internet environment. Banking access for crypto companies is moderate, with some regulatory clarity but still evolving.
Georgia maintains a crypto-friendly regulatory environment with a VASP registration framework established by the National Bank of Georgia in 2023, based on anti-money laundering laws. The regulator page does not provide detailed crypto-specific regulatory information but confirms ongoing financial sector developments and stability.
Georgia is classified by FATF as: compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-09-05 · Data source: Soken Crypto Legal Map
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