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Georgia Bitcoin Reserves and Cryptocurrency Policies
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Georgia Bitcoin Reserves and Cryptocurrency Policies

Georgia is a crypto mining hub with permissive regulations under the National Bank of Georgia, but holds minimal Bitcoin reserves and restricts crypto as legal tender (May 2025).

Bitcoin Reserves

~50–100 BTC from seizures/mining
Valued at ~$5M–$10M (May 2025)

Regulatory Stance

Neutral
Regulated via Law on Virtual Asset Service Providers (2023)

Government Activity

Promotes mining with tax incentives
NBG enforces KYC/AML for VASPs

Georgia Cryptocurrency Profile

Country BTC Reserves % of Global Holdings Legal Status Last Updated Key Policies
Georgia ~50–100 BTC Estimated ~0.0005% Neutral 2025-03-19
  • Law on Virtual Asset Service Providers (2023) requires VASPs to register with National Bank of Georgia, enforcing KYC/AML per FATF standards
  • 0% tax on crypto trading for individuals; ~15% corporate tax for VASPs; mining equipment tax-exempt in some zones
  • Global mining hub (~5–7% of hash rate) due to low electricity costs (~$0.04/kWh) and tax incentives
  • Crypto not legal tender; only Georgian Lari accepted; crypto payments require VASP conversion to fiat
  • ~5–10% of crypto transactions linked to sanctions evasion, raising AML concerns
  • ~10% population (~370,000 users) engaged in crypto; Tbilisi a hotspot for OTC deals and stablecoins
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Last Updated: 14 May 2025 | 5:17 pm EST