Georgia Crypto License: What You Need to Know About Mining and Compliance

When it comes to Georgia crypto license, a legal requirement for businesses operating as virtual asset service providers in Georgia. Also known as a VASP license, it’s the key that lets you legally run a crypto exchange, wallet service, or mining operation in the country. Unlike most places, Georgia doesn’t tax personal crypto mining, and the government actively encourages foreign crypto businesses to set up shop. This isn’t just a loophole—it’s a deliberate policy designed to attract blockchain innovation.

The real advantage isn’t just low taxes. It’s clarity. In Georgia, you don’t need a complex legal team just to start mining. If you’re an individual running a few rigs at home, you’re free and clear. But if you’re running a business—whether it’s a mining farm, a trading platform, or a staking service—you need to register with the National Bank of Georgia as a VASP license, a regulated entity that handles crypto transfers, custody, or exchange services. The process is straightforward: submit your business plan, prove your KYC/AML systems work, and pay a small fee. No waiting years. No vague rules. You get a response in weeks, not months.

And it’s not just about paperwork. Georgia’s infrastructure supports crypto at scale. Electricity is cheap—among the lowest in Europe—thanks to abundant hydropower. Many mining operations cluster in the Tbilisi Free Zone, a special economic area offering tax breaks, fast internet, and streamlined business registration for tech companies. Companies like Bitfury and others have set up full-scale mining centers there because it just works. No red tape. No sudden policy shifts. Just stable rules and reliable power.

But here’s what most people miss: the license isn’t optional if you’re doing business in Georgia. Even if you’re a foreign company, if you have customers in Georgia or operate servers there, you need to comply. The government isn’t cracking down—it’s inviting you in. But that also means they’re watching. If you skip the license and get caught, you’ll be shut down fast. There’s no gray area.

What you’ll find in the posts below are real, detailed breakdowns of how crypto mining works in Georgia today. You’ll see exactly what paperwork you need, how much electricity costs per rig, which zones are safest for setup, and how to avoid the traps that trap new operators. Some posts dive into the legal side—like what happens if you move your mining operation from Tbilisi to Kutaisi. Others show you how to handle audits, what tools local banks accept, and why some businesses fail even with the license. This isn’t theory. It’s what people are actually doing in 2025 to build profitable, legal crypto businesses in Georgia.