VASP Georgia: What You Need to Know About Crypto Regulations in Georgia

When we talk about VASP Georgia, a Virtual Asset Service Provider registered under Georgia’s financial regulations. Also known as crypto service provider Georgia, it’s any company that handles crypto transfers, exchanges, or custody for others in Georgia—whether it’s a local exchange, a wallet service, or a DeFi platform with users there. Georgia became one of the first countries in Eastern Europe to create a clear legal path for crypto businesses, and now VASPs there must register with the Financial Monitoring Service. This isn’t just paperwork—it’s a full compliance system that affects how you move money, who you can serve, and what tools you can use.

That means if you’re running a crypto business in Georgia, you need to prove you’re not letting criminals use your platform. You must collect user IDs, track transaction history, and report anything suspicious. The Travel Rule, a global AML standard requiring VASPs to share sender and receiver info on transactions over $1,000 applies here too. And if you’re a user sending crypto from a Georgian exchange to another country, your details might be passed along automatically. This isn’t unique to Georgia—countries like the UK and Japan have similar rules—but Georgia’s system is leaner and faster to navigate than most.

What’s interesting is that Georgia doesn’t ban crypto. In fact, it encourages it. The country has no capital gains tax on crypto for individuals, and its VASP licensing process takes weeks, not years. That’s why dozens of crypto firms moved their operations there after stricter rules hit Europe and the U.S. But that freedom comes with responsibility. If a VASP in Georgia fails to comply, it loses its license—and gets shut down. There’s no second chance. That’s why you’ll see so many posts here about crypto regulations, compliance costs, and how exchanges adapt. You’ll also find stories about users caught off guard by new rules, or businesses that thought they could skip the paperwork.

Underneath all this is a bigger question: Is Georgia becoming the new crypto hub for Eastern Europe? The answer isn’t just about taxes or speed—it’s about trust. People need to know their money is safe, and regulators need to know businesses aren’t hiding anything. That’s why the posts below cover everything from AML rules in the UK to how Russia handles crypto ownership. They’re all connected. Georgia’s VASP rules don’t exist in a vacuum. They’re part of a global shift where governments are no longer ignoring crypto—they’re shaping it.

What follows is a collection of real-world examples, regulatory breakdowns, and compliance stories that show how VASP Georgia fits into the bigger picture. You’ll see what happens when rules change overnight, how exchanges adjust, and why some users lose access to their funds—not because of hacks, but because of paperwork they never filed. This isn’t theory. It’s what’s happening right now, and you need to know it if you’re dealing with crypto in this region—or anywhere near it.