Is crypto legal in Georgia?

Since 2020, Georgia has confidently maintained its position as one of the leading destinations for attracting crypto investments. This has been facilitated by low electricity prices for mining and the absence of strict restrictions on digital asset operations. However, since autumn 2022, the situation began to change: the first cryptocurrency law was adopted, establishing basic tax rules for miners and investors.

Since September 1, 2023, a local version of the European VASP regulation has been in effect in the country. The law does not prohibit the use of cryptocurrencies but increases the transparency of exchanges and investment companies. All organizations are required to monitor transactions and report suspicious activity related to money laundering or terrorist financing.

Cryptocurrency remains popular among investors. The National Bank of Georgia is actively promoting the launch of a digital lari (CBDC) based on blockchain, demonstrating its intention to integrate digital assets into the country’s financial system.

Free Industrial Zones (FIZ) in Tbilisi, Kutaisi, and Poti are actively developing — offering attractive conditions for mining and crypto exchange operations.

Free Industrial Zones are special areas where one can obtain a crypto license under favorable tax and regulatory conditions. Today, FIZs offer opportunities for:

• enabling fiat acquiring for business operations;
• issuing digital currencies recognized as legal tender within the zone;
• conducting operations in both crypto and fiat currencies.

Crypto ATMs are installed in all these cities, allowing token exchange. Large transactions require mandatory identity verification (passport or residence permit).

Individuals are taxed only if they receive income from crypto operations within Georgia. For legal entities and miners, the following rules apply:

• VAT is not applicable when selling computing power to non-residents;
• VAT applies if equipment is purchased from non-residents or when the transaction occurs between residents;
• Corporate income tax is 10% of net profit.

As of May 2025, cryptocurrencies are not recognized as official legal tender, but their use is permitted for both residents and non-residents. Exchange is possible via:

• crypto ATMs;
• licensed exchange offices;
• online crypto exchanges.

GeCrypto continues to provide crypto-to-cash exchange services in Tbilisi. The company received its official VASP license in March 2024, ensuring clients benefit from favorable conditions and minimal bureaucracy.

Despite restrictions on using crypto to pay for goods and services, in 2025, digital assets in Georgia remain a legal and accessible tool for investment and exchange.