VASP Georgia – All You Need to Know About Crypto Service Providers in Georgia

When working with VASP Georgia, Virtual Asset Service Providers that operate under Georgian law, offering exchange, custodial, wallet and payment services for digital assets. Also known as Georgian crypto service providers, they must follow both local and international compliance rules. VASP Georgia sits at the crossroads of fast‑growing crypto adoption and a strict regulatory push aimed at preventing money‑laundering and protecting investors.

Regulatory Landscape and Key Compliance Pillars

The primary overseer is the National Bank of Georgia, which issues crypto licences, monitors market integrity and enforces AML/KYC standards. In practice, the bank requires every VASP to file a detailed business plan, demonstrate sufficient capital buffers, and install robust customer‑identification procedures. On the global side, the Financial Action Task Force (FATF) shapes the baseline rules that Georgia adopts, especially through its Travel Rule recommendations. The Travel Rule—captured as the Travel Rule—demands that VASPs share sender and receiver information for transactions above a set threshold, making cross‑border transparency possible. These three entities create a chain of obligations: VASP Georgia must satisfy the National Bank’s licensing checklist, implement FATF‑aligned AML/KYC measures, and embed Travel Rule data‑sharing into their transaction pipelines. The result is a compliance framework that mirrors what you see in Malta, Singapore or Australia, where regulators also tie crypto licences to AML/KYC and Travel Rule adherence. For instance, Malta’s VFA Act requires a similar data‑exchange practice, while Singapore’s MAS mandates a dedicated compliance officer for each crypto service. By looking at those jurisdictions, Georgian providers can benchmark their policies, avoid common pitfalls, and stay ahead of upcoming local amendments. Beyond licensing, VASPs in Georgia often grapple with technical challenges like integrating transaction‑monitoring tools, handling token‑specific nuances (e.g., BEP‑20 tokens on BNB Chain or ERC‑20 on Ethereum), and ensuring privacy while meeting reporting duties. The rise of AI‑driven rug‑pull detectors and on‑chain analytics platforms offers a safety net, but only if the VASP has the right data‑feeds and staff expertise. In short, effective compliance blends legal paperwork, technology stacks, and continuous risk assessment. The topic pool below reflects this blend. You’ll find guides on getting crypto licences in Malta (useful for comparative insight), deep dives into the EU’s zero‑threshold Travel Rule, practical steps for AML/KYC program design, and case studies on how AI tools flag fraudulent projects. Whether you run an exchange, a wallet service, or a token‑listing platform, the articles in this collection give you actionable tips, regulatory snapshots, and real‑world examples to help you keep your VASP on the right side of the law.

Now that you have a clear picture of what VASP Georgia entails, scroll down to explore the curated articles. They cover everything from licensing procedures and Travel Rule compliance to risk‑management tools and cross‑border regulatory comparisons—exactly the kind of practical guidance you need to run a compliant crypto business in Georgia today.