VASP License Georgia: What You Need to Know About Crypto Regulation in Georgia

When a crypto company wants to operate legally in VASP license Georgia, a regulatory framework that requires crypto businesses to register and comply with anti-money laundering rules in Georgia. Also known as Virtual Asset Service Provider registration, it’s the key to operating legally in a country that’s becoming a hub for blockchain startups in Eastern Europe. Unlike places where crypto is banned or ignored, Georgia took a clear path: if you’re moving crypto, you need a license. This isn’t optional. It’s the rule.

The Georgia Financial Services Regulatory Commission, the government body that issues and enforces crypto licenses in Georgia handles all VASP applications. To get one, you need a local office, a compliance officer, proof of clean financial history, and a minimum capital requirement—usually around $50,000. You also have to show you can track every transaction, report suspicious activity, and verify your customers. It’s not just paperwork. It’s a full operational overhaul.

Why does this matter to you? If you’re a trader in Georgia, you’re not directly affected by the license—but the exchanges you use are. Platforms without a VASP license can’t legally serve Georgian customers. That means if you’re using a foreign exchange that doesn’t have this license, you’re trading on shaky ground. Your funds aren’t protected by local law. Your withdrawals could be delayed. Your account could get frozen without warning. On the other hand, exchanges with a Georgia VASP license are held to strict standards. They can’t just disappear overnight. They have to keep records, follow audits, and answer to regulators.

This system also affects how new crypto projects launch. If you’re building a DeFi app or a token, and you want Georgian users, you need to partner with a licensed exchange or apply for your own license. Many projects skip Georgia because the process feels heavy. But those who stick with it gain trust. Georgian users know licensed platforms are safer. That’s why you’ll see more local exchanges like COREDAX, a regulated crypto exchange focused on local markets with strong compliance standards popping up—they’re built for this environment.

And it’s not just about exchanges. If you’re running a crypto mining operation, a wallet service, or even a crypto payment processor in Georgia, you’re likely covered under the same VASP rules. The law doesn’t care what you call it—crypto is crypto. If you’re handling it for others, you need the license.

There’s a catch, though. The rules are new, and enforcement is still catching up. Some companies claim they’re licensed when they’re not. Others operate in gray zones, using offshore entities to avoid the rules. That’s why you need to check the official registry. Don’t trust a website’s claim. Go to the Financial Services Regulatory Commission’s site and verify the license number. If it’s not there, walk away.

Georgia’s approach isn’t perfect. It’s not as relaxed as Switzerland or as strict as the U.S. But it’s real. It’s working. And it’s shaping up to be one of the clearest crypto regulatory models in the region. If you’re looking to trade, build, or invest in crypto in Georgia, understanding the VASP license isn’t just smart—it’s essential. Below, you’ll find real reviews, breakdowns, and warnings from traders and operators who’ve dealt with this system firsthand. Some made it work. Others lost everything because they ignored it. You don’t have to be one of them.