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Crypto Regulation in Georgia

Crypto Friendly

Georgia has become a notable crypto hub, particularly for mining due to cheap electricity. Individuals are exempt from income tax on crypto gains. The NBG is developing a regulatory framework aligned with EU standards as part of Georgia's EU accession aspirations.

Region: EuropeCurrency: GELAdoption Rank: #28Risk Score: 35/100

Tax Information

Capital Gains (Personal)
0% on individual crypto gains (crypto classified as non-taxable virtual property for individuals)
Capital Gains (Corporate)
15% corporate tax on distributed profits; 0% on retained
VAT on Crypto
No
Staking Tax
Tax-exempt for individuals
Airdrop Tax
Tax-exempt for individuals
Mining Tax
Tax-exempt for individuals; corporate mining income taxed on distribution at 15%
Summary
Georgia exempts individual crypto gains from income tax, making it attractive for personal crypto investment. The corporate tax system (Estonian model) taxes only distributed profits at 15%. Mining operations benefit from low electricity costs and individual tax exemption.

Licensing & Registration

License Required
No
Regulator
NBG (National Bank of Georgia)
Framework
No comprehensive crypto-specific legislation yet; NBG regulatory framework under development
License Types
Virtual Asset Service Provider Registration (proposed)
Estimated Cost (USD)
$5,000 - $30,000
Timeline
1-3 months
Ease of Licensing
Easy
Notes
Georgia does not yet have comprehensive crypto licensing requirements, though the NBG is developing a VASP framework aligned with EU/FATF standards. The lack of regulation has attracted crypto businesses, but this is expected to change as Georgia pursues EU candidate status.

AML / KYC

KYC Required
Yes
Travel Rule
No
FATF Member
No
FATF Status
Compliant
Suspicious Activity Reporting
Yes

Mining

Mining Legal
Yes
Status
Legal
Electricity Cost ($/kWh)
$0.06
Renewable Energy
80%
Climate
Temperate
Infrastructure
Good
Tax on Mining Income
15% corporate tax, possible Free Zone exemptions
Special Zones
Tbilisi Free Zone
Notes
Competitive electricity prices. Mining operations are economically viable.

DeFi, Stablecoins & NFTs

DeFi: legalStablecoins: no rulesNFTs: no_rulesCBDC: exploring

Soken Services

Legal Opinion
Available | $2,000 - $8,000 | 7 days
Banking
Difficulty: Easy | Crypto-friendly banks: Bank of Georgia, TBC Bank
Min. Deposit
$500
Fiat Rails
SEPA, SWIFT, SEPA Instant
Card Payments
Visa, Mastercard
Company Registration
$5,000 | 14 days | LLC

Sources

National Bank of Georgia
Reviewed: 2026-03-05likely

Frequently Asked Questions

Is crypto legal in Georgia?
Cryptocurrency is currently classified as "Crypto Friendly" in Georgia. Georgia has become a notable crypto hub, particularly for mining due to cheap electricity. Individuals are exempt from income tax on crypto gains. The NBG is developing a regulatory framework aligned with EU standards as part of Georgia's EU accession aspirations.
What is the crypto tax rate in Georgia?
In Georgia, the personal capital gains tax on crypto is 0% on individual crypto gains (crypto classified as non-taxable virtual property for individuals), and the corporate tax rate is 15% corporate tax on distributed profits; 0% on retained. Georgia exempts individual crypto gains from income tax, making it attractive for personal crypto investment. The corporate tax system (Estonian model) taxes only distributed profits at 15%. Mining operations benefit from low electricity costs and individual tax exemption.
Do I need a crypto license in Georgia?
No, Georgia does not currently require a specific crypto license, though other financial regulations may apply.
Is crypto mining legal in Georgia?
Yes, crypto mining is legal in Georgia. Electricity costs approximately $0.06/kWh. Mining income is taxed at: 15% corporate tax, possible Free Zone exemptions. Competitive electricity prices. Mining operations are economically viable.
What are the AML/KYC requirements for crypto in Georgia?
Yes, crypto businesses in Georgia must comply with KYC (Know Your Customer) requirements. FATF compliance status: compliant.