Georgia maintains a crypto-friendly regulatory environment with positive monetary policy assessments and accelerated capital market development. There is no explicit mention of restrictive crypto regulations or bans.
| 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); based on 'Law of Georgia on Facilitating the Suppression of Money Laundering and Terrorism Financing' (2019, amended 2023) |
| Ease | easy |
| Cost (USD) | $5,000 - $30,000 |
No specific licensing framework for crypto is currently established; regulatory framework under development by National Bank of Georgia.
Minimal crypto-specific enforcement. NBG has issued warnings about crypto risks but has not taken formal enforcement actions.
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | No |
| FATF Status | enhanced_followup |
| FATF Body | MONEYVAL |
| Suspicious-Activity Reporting | Yes |
Status: Legal
No DeFi-specific regulation. Georgia's unregulated environment permits DeFi activities without licensing requirements.
Status: regulated
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 with favorable electricity costs and high renewable energy usage, supporting sustainable mining operations.
| Stability | unstable |
| Sanctions | No |
| Corruption Index | 56/100 |
| Banking Access | moderate |
Risk Factors
Georgia faces a significant political crisis: October 2024 elections disputed, opposition boycotting parliament, ruling Georgian Dream suspended EU accession until 2028, mass protests repressed with documented police brutality. OFAC sanctioned Georgian Ministry of Internal Affairs officials (Jan 2025) and former PM Ivanishvili (Jan 2025). No country-level sanctions. EU visa-free travel for Georgian officials suspended Jan 2025. Internet freedom remains Free (70/100). No capital controls on crypto.
Georgia maintains a crypto-friendly regulatory environment with positive monetary policy assessments and accelerated capital market development. There is no explicit mention of restrictive crypto regulations or bans.
Georgia is classified by FATF as: enhanced_followup.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map
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