Georgia has established itself as one of the most crypto-friendly countries with a developing cryptocurrency market and progressive legislation. The country actively attracts investors and startups in the crypto space.
Crypto Regulations in Georgia
The primary piece of legislation concerning cryptocurrencies in Georgia is the Virtual Asset Service Provider (VASP) registration law, enacted in 2023. The National Bank of Georgia (NBG) oversees compliance with this law to ensure the secure transfer and safekeeping of virtual assets.
In 2025, Georgia plans to integrate digital assets into anti-money laundering (AML) and countering the financing of terrorism (CFT) laws. Full implementation of this new regulatory framework is expected by 2026.
What the Georgian Government is Saying About Crypto?
The National Bank of Georgia is responsible for regulating crypto-related laws. Its robust regulatory framework focuses on AML and CFT regulations to maintain integrity in financial systems.
NBG requires all financial digital platforms to report suspicious activity and identify users to prevent fraud. The bank is also considering applications for integrating potential digital assets into the economy.
Crypto Tax in Georgia
The Georgian government has not imposed capital tax on crypto-related activities for individuals. Profits from crypto trading and sales are exempt from income tax for Georgian tax residents, as income from crypto is considered foreign-sourced.
Additionally, there is no VAT applicable on crypto exchanges. However, companies dealing with cryptocurrencies are subject to a 15% corporate income tax, applicable only upon profit distribution.
Georgia’s proactive approach to cryptocurrency has established it as a leading crypto hub in 2025. Its favorable tax conditions and supportive legislation are attracting foreign investments and contributing to the growth of the private sector in the cryptocurrency space.
