Cryptocurrency exchange Bitget has received regulatory approval to operate in Georgia. The license allows the company to offer digital asset exchange and custodial wallet services through the Tbilisi Free Zone (TFZ).
The move gives Bitget a regulated presence in Eastern Europe. The company has been expanding in the region, targeting countries with established crypto frameworks.
Gracy Chen, Source: LinkedIn
Georgia has become a focus for blockchain and cryptocurrency firms. It offers tax benefits and legal clarity through its free zone policies.
Authorities have also taken steps to align with international financial standards. The country ranks high in crypto mining activity per capita and has supported blockchain technology adoption.
Bitget’s licensing in Georgia reflects the growing importance of the region in the global digital asset market. Countries in Eastern Europe are increasingly shaping the direction of crypto development. Open regulations and economic reforms have made them appealing to global platforms.
The TFZ provides a structure for companies to operate with clear compliance rules. This helps digital asset firms enter the market without legal uncertainty.
You may find it interesting at FinanceMagnates.com: Bulgaria Emerges Over Lithuania as Bitget’s Compliance Hub in MiCA Preparations.
Bitget Holds Licenses in Multiple Jurisdictions
Bitget has previously secured registration in several other regions. These include Australia’s AUSTRAC, Italy’s OAM, and Virtual Asset Service Provider status in Poland, Bulgaria, Lithuania, and the Czech Republic. In the United Kingdom, it works under FCA authorization through Archax Ltd. The company is also registered in El Salvador and Argentina.
Gracy Chen, CEO of Bitget, commented on the approval, saying, “Regions with strong crypto-friendly frameworks are creating the foundation for the next era of finance. Georgia is an example of how strategic policymaking can open doors for growth while guarding users’ safety and increasing accessibility.”
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