Bitget is on a regulatory roll, and now it’s Georgia’s turn. The Seychelles-based crypto exchange just secured a digital asset license through the Tbilisi Free Zone (TFZ), officially expanding its reach in Eastern Europe. This strategic move reinforces Bitget’s global push to operate in markets where crypto innovation meets regulatory clarity.
Georgia: The New Crypto Magnet in Eastern Europe
Georgia is quickly becoming one of crypto’s most welcoming homes. Ranked among the top countries for crypto mining per capita, the nation offers pro-business policies, friendly tax structures, and a regulatory framework that doesn’t scare off exchanges.
The Tbilisi Free Zone, where Bitget registered, is tailor-made for digital asset firms. It combines low taxes with transparent rules, making it a magnet for global exchanges looking for both flexibility and legitimacy.
According to Statista, the cryptocurrency market in Georgia is expected to reach over 153,000 users by 2025, or around 4% of the country’s population. With numbers like that, it’s no surprise that Bitget and other major players are planting flags.
Bitget’s Regulatory March Continues
This Georgian license isn’t a one-off. Bitget has been methodically stacking up approvals around the globe. Here’s a look at its recent milestones:
- El Salvador (April 2025): Secured a Digital Asset Service Provider (DASP) license, building on its earlier Bitcoin Service Provider (BSP) approval in December 2024.
- Bulgaria: Obtained a Virtual Asset Service Provider (VASP) license, prepping the exchange for EU-wide MiCA regulations.
- Argentina: Registered with local authorities to solidify its Latin American reach.
- Australia, Italy, Poland, Lithuania, Czech Republic, UK: Bitget holds active registrations and operates under compliant structures in all these jurisdictions.
- Vietnam: Back in December, we reviewed BitEXC, a Bitget-powered local exchange designed Launched a local exchange designed for the Vietnamese market.
Bitget’s global strategy is clear: win licenses, build trust, and stay ahead of looming regulation waves.
A Word from the Top
“Regions with strong crypto-friendly frameworks are creating the foundation for the next era of finance,” said Gracy Chen, CEO at Bitget. She emphasized Georgia’s unique balance of opportunity and protection, calling it a model for how smart regulation can drive growth without sacrificing safety.
Chen also hinted at Bitget’s long-term goal: integrating crypto into daily economic infrastructure with top-tier security, reliable products, and full regulatory alignment.
Bybit Joins the Party Too
Bitget isn’t alone. Competitor Bybit also bagged a VASP license from Georgia’s National Bank in November 2024, further proof that Georgia is fast becoming Eastern Europe’s crypto gateway.
Bybit's collection of regulatory licenses and approvals is growing, and their latest catch is a VASP license provided by National Bank or Georgia.Read Now
As more exchanges follow suit, the country may become a regulatory anchor for the region, and a place where crypto companies can grow responsibly.
For traders and investors, this means more secure, legally compliant services. For crypto as a whole, it signals a shift: exchanges are now racing to work with regulators instead of around them. And for Georgia? It’s positioning itself as a serious player in the global crypto game.
Final Thoughts
Bitget’s latest win in Georgia is more than a checkbox: it’s part of a carefully executed strategy to lead in compliant crypto expansion. As the company continues to earn licenses from Latin America to Eastern Europe, it proves one thing loud and clear: the future of crypto belongs to those who play by the rules and scale smart.
Ready to explore what regulated crypto trading looks like? Check out Bitget and see how smart expansion translates into smarter, safer investing.
