Bitget, a prominent cryptocurrency exchange, has obtained official regulatory approval to operate within Georgia’s Tbilisi Free Zone (TFZ) as a digital asset exchange and custodial wallet provider. This license allows the platform to offer a full range of crypto trading and wallet services under a compliant regulatory framework in this tax-free zone, known for its business-friendly environment and access to a skilled labor pool.
Georgia, recognized for its strong blockchain integration and crypto mining per capita, has actively developed policies aligning with global financial standards while nurturing the emerging web3 industry. Bitget’s CEO, Gracy Chen, highlighted the strategic importance of Greece’s pro-crypto regulatory climate as part of the wider global shift toward the future of finance.
This move complements Bitget’s ongoing expansion in Eastern Europe, where it already holds authorizations in multiple countries such as the UK (through its affiliate Archax Ltd), Italy, Poland, Bulgaria, Lithuania, and the Czech Republic. Bitget had also secured a digital asset service provider license in El Salvador earlier this year, enhancing its global footprint.
In addition, Bitget Wallet has introduced QR crypto payments in Vietnam with support for stablecoins like USDT and USDC across multiple blockchains. The development marks a push towards wider crypto adoption and innovative payment solutions in markets with advancing regulatory environments. Vietnam’s recent law recognizing crypto assets sets a foundation for regulated sector growth.