VASP License Georgia: What You Need to Know

When working with VASP license Georgia, a regulatory approval that lets crypto businesses operate legally in the country of Georgia. Also known as Georgia VASP permit, it is issued by the National Bank of Georgia, the nation’s primary financial supervisor, and it targets Virtual Asset Service Provider, any entity that offers exchange, wallet, or payment services for digital assets. The license bridges the global push for clear crypto rules with Georgia’s ambition to attract fintech investment.

Why the VASP License Matters for Crypto Firms

Obtaining a VASP license Georgia means you’ve committed to the three core pillars of the regime: capital adequacy, robust anti‑money‑laundering (AML) procedures, and ongoing supervisory reporting. First, the regulator requires a minimum capital buffer—usually a few hundred thousand dollars—to cover operational risks. Second, AML compliance mirrors FATF recommendations: you must implement customer‑on‑boarding checks, transaction monitoring, and suspicious activity reporting. Third, licensed providers submit quarterly financial statements and risk assessments to the National Bank, ensuring transparency and consumer protection. In practice, this creates a predictable environment for exchanges, custodians, and payment gateways, letting them focus on product development rather than regulatory uncertainty.

Beyond the basics, the license unlocks several strategic advantages. It grants access to Georgia’s growing banking ecosystem, allowing seamless fiat on‑ramps and off‑ramps. It also signals credibility to partners and investors, which can lower fundraising costs and boost market confidence. Finally, compliance with the VASP framework positions businesses to expand into neighboring jurisdictions that recognize Georgia’s standards, streamlining cross‑border operations. Whether you’re launching a DeFi platform, a crypto‑payment solution, or a custodial service, the VASP license serves as both a legal safeguard and a growth catalyst.

Below, you’ll find a curated collection of articles that break down each step of the licensing process, compare Georgia’s approach with other jurisdictions, and dive into real‑world case studies. Use these resources to map out your application timeline, understand the AML tech stack, and learn how to maintain compliance long after the license is granted.