Cryptocurrency, VASP License and Blockchain
Contents
- NBG Mandatory VASP Registration & Compliance
- Custom AML/KYC Policies & FATF Travel Rule
- Web3, Tokenization & ICO/STO Legal Structuring
- Corporate Banking & Crypto Tax Optimization
As cryptocurrency, VASP license registration, and blockchain law rapidly evolve in the modern financial sector, staying compliant is critical. 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?
Cryptocurrency, VASP Licensing, and Blockchain Law are legal frameworks that regulate digital assets, Virtual Asset Service Providers, and blockchain-based technologies.
This practice area encompasses the legal rules governing crypto exchanges, fiat-to-crypto exchangers, custodial wallet providers, mining operators, and Web3 developments. Under regulations established by the National Bank of Georgia (NBG), providing virtual asset services requires mandatory registration as a VASP alongside full compliance with Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) policies.
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, VASP License 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.
VASP Registration & Compliance
End-to-end support for obtaining National Bank of Georgia authorization for crypto exchanges, exchangers, and custodial wallets.
Web3 & Tokenization Structuring
Comprehensive legal framework design for Web3 projects, token issuance (ICO/IDO/STO), and DeFi protocols in line with global standards.
Banking & Tax Advisory
Strategic guidance on opening corporate accounts and leveraging tax exemptions on foreign-sourced crypto transactions.
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.