Georgia is one of the top 10 bitcoin-friendly countries with a favorable tax regime. It has the second-highest bitcoin mining hashrate, making it a leader in the global crypto sphere. With low-cost electricity, the country is attracting new crypto startups and investors for crypto-related activities.
Cryptocurrency is not considered legal tender in Georgia; however, owning and trading crypto for exchange and investment purposes is permitted. The country has regulated several laws to develop the crypto ecosystem.
Timeline of major crypto regulations in Georgia
DATE | Regulation/ Law |
March 18, 2024 | IMF emphasised strong AML/ CFT regulations |
January 1, 2023 | Licensing for crypto companies |
July 1, 2023 | The VASP registration law enacted |
June 13, 2023 | NBG issues order no. 94/04 (VASP requirements) |
August 1, 2023 | AML/ CFT rules updated for virtual assets with KYC |
The crypto licenses in Georgia vary, depending on the type of services the companies want to offer. The National Bank of Georgia is the primary body regulating licensing for virtual asset service providers (VASPs), such as:
Crypto tax Table
Categories | Individuals | Companies (mainland) | Companies (free zone) |
Income tax on crypto | 0% | 15% (on distribution) | 0% |
Capital tax | 0% | 15% (on distribution) | 0% |
VAT on crypto | 0% | 0% | 0% |
Divided tax | NA | 5% | 5% |
Georgia’s proactive approach to cryptocurrency has marked its position as a crypto hub in 2025. The government’s focus on making crypto-friendly regulations without imposing tax is to attract foreign investments. It also supports the private sector engaging with crypto if they comply with the regulations set by the federal law.
Yes, Georgia is crypto-friendly with 0% tax for individuals, low electricity costs, and supportive regulations.
The exact cost varies, but companies must meet financial, legal, and compliance standards set by the NBG.
If you’re a Georgian tax resident, you pay 0% tax on crypto profits; companies pay 15% only on profit distribution.
The National Bank of Georgia (NBG) oversees crypto regulation and enforces AML/CFT compliance.
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