Bitget Secures Game-Changing Digital Asset License in Georgia via Tbilisi Free Zone

Crypto exchange Bitget just outmaneuvered regulatory hurdles—Georgia's Tbilisi Free Zone handed them the golden ticket.

Why it matters: While traditional finance still debates 'blockchain vs. bubble,' Bitget's latest license proves crypto's creeping institutionalization—whether Wall Street likes it or not.

The fine print: No numbers disclosed (classic crypto opacity), but this marks another strategic beachhead in Bitget's global expansion playbook. Watch for Georgia to become a sudden 'hotbed of innovation'—or at least a tax-friendly pitstop for digital nomads.

Bottom line: Another jurisdiction falls to crypto's regulatory arbitrage tour. Meanwhile, your bank still charges $25 for wire transfers.

Bitget has secured regulatory approval in Georgia to operate digital asset exchange and custodial wallet services through the Tbilisi Free Zone, marking the latest expansion in its Eastern European licensing strategy, the cryptocurrency exchange said in a statement on Thursday.

The license allows Bitget to provide digital asset services in Georgia, a country that has emerged as a notable hub for crypto innovation with its pro-business stance and supportive regulatory environment for blockchain companies. Georgia ranks among the top countries for crypto mining per capita and has actively pursued policies to align with global financial standards while embracing cryptocurrency adoption.

"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," said Gracy Chen, CEO at Bitget.

The Tbilisi Free Zone offers tax advantages and has established frameworks specifically for digital asset companies, providing operational flexibility with regulatory clarity for international players. The zone has become a destination for crypto and blockchain companies seeking to establish compliant operations in the region.

Bitget's Georgia license is part of its broader expansion across Eastern Europe, a region that has become increasingly important for digital asset platforms serving both institutional and retail users. The company said the region is "increasingly dictating the growth of crypto through open regulatory frameworks and progressive economic outlooks."

The exchange currently holds registrations in several key jurisdictions globally, including AUSTRAC registration in Australia, OAM registration in Italy, and VIRTUAL Asset Service Provider listings in Poland, Bulgaria, Lithuania, and the Czech Republic. Through Archax Ltd, Bitget operates in the United Kingdom under Financial Conduct Authority authorization, while it also holds registrations in El Salvador and Argentina.

Chen emphasized that Bitget's goal is to work with "jurisdictions that understand the long game—where crypto is a synonym for the new emerging global economic infrastructure."

The Georgia license represents another step in Bitget's strategy to integrate cryptocurrency into everyday financial infrastructure while maintaining compliance with local regulations across its operating jurisdictions.