Cryptocurrency, VASP License and Blockchain
Contents
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- Eligible For 1% Tax Rate
- No Physical Visit Required
- Multi-Currency Banking
Cryptocurrency, VASP licensing, and blockchain are among the fastest-growing areas of modern financial technology. NOMOS Georgia assists crypto companies and Web3 projects in operating in full compliance with Georgian and international regulations and obtaining the necessary authorization.
What Are Cryptocurrency, VASP Licensing and Blockchain?
This area covers the regulation of Virtual Asset Service Providers (VASPs), as well as the legal framework for crypto exchanges, exchangers, mining companies, and blockchain projects. Under the new regulations of the National Bank of Georgia, crypto activities are subject to mandatory registration and compliance with AML/CFT (Anti-Money Laundering and Counter-Terrorist Financing) standards.
Who Is the Cryptocurrency and Blockchain Law Service For?
This service is intended for crypto exchanges, virtual asset exchangers (Exchangers), Web3 and DeFi projects, mining companies, and investors seeking to operate a legal crypto business in Georgia.
What Does NOMOS Georgia’s Cryptocurrency and Blockchain Service Include?
We provide comprehensive legal support in the field of innovative technologies:
- Obtaining VASP (Virtual Asset Service Provider) licensing/registration from the National Bank of Georgia;
- Developing AML/KYC policies and internal control mechanisms;
- Structuring Web3, ICO/IDO/STO, and tokenization projects from a legal perspective;
- Providing tax advice on crypto asset trading and mining;
- Providing legal support for opening bank accounts for crypto companies.
Why Choose NOMOS Georgia for Cryptocurrency and Blockchain Law?
NOMOS Georgia is one of the first law firms to specialize extensively in virtual asset regulation. We have in-depth knowledge of the National Bank’s requirements, AML standards, and international practices (FATF Travel Rule). We effectively assist clients in overcoming bureaucratic barriers and successfully launching businesses in a regulated environment.
Highly qualified attorneys providing reliable, compliant, and strategic legal solutions.
Streamlined digital processes allowing you to manage your legal affairs from anywhere.
Clear, upfront costs with absolutely no hidden fees, ensuring full financial predictability.
What Will You Receive from NOMOS Georgia’s Service?
You will receive officially registered VASP status, a properly structured AML/KYC policy, tax compliance, and full legal compliance with applicable regulations.
Frequently Asked Questions
Is VASP Registration Mandatory for Crypto Activities in Georgia?
Yes, since 2023, any person offering services related to virtual assets (exchange, custody, or transfer) has been required to register with the National Bank.
Is Cryptocurrency Conversion Taxed in Georgia?
Under Georgian tax legislation, income received by individuals from the supply (sale) of cryptocurrency is exempt from income tax.
Our legal experts are ready to guide you through establishing your corporate presence in Georgia with turnkey support.