VASP License Georgia: What You Need to Know

When dealing with VASP license Georgia, the official permission that lets crypto businesses operate legally in Georgia. Also known as Georgian Virtual Asset Service Provider license, it sets the ground rules for exchanges, wallets, and custodians. The license is issued by the National Bank of Georgia, the financial authority responsible for supervising virtual‑asset providers, and it applies to any Virtual Asset Service Provider (VASP), an entity that offers crypto exchange, wallet, or custody services. Obtaining this permission means you must meet strict AML regulations, rules that require customer verification, transaction monitoring, and reporting of suspicious activity. In short, the VASP license Georgia encompasses AML compliance, and the National Bank of Georgia enforces those standards.

Key Requirements and Compliance Steps

First, you’ll need to prepare a detailed business plan that outlines how your platform will handle user funds, what security measures are in place, and how you’ll conduct ongoing risk assessments. This plan is evaluated against the VASP license Georgia criteria, which include capital adequacy, technology resilience, and governance structures. Next, a thorough KYC/AML policy must be documented; it should describe customer onboarding procedures, real‑time transaction monitoring, and the process for filing suspicious‑activity reports. The National Bank of Georgia reviews these policies alongside your tech architecture to ensure they can withstand money‑laundering attempts. Once approved, you’ll receive a license that requires quarterly reporting on transaction volumes, compliance audits, and any changes to your corporate structure. Failure to adhere to AML regulations can trigger revocation of the VASP license Georgia, highlighting how AML rules directly influence the licensing outcome.

What’s next for you? Below you’ll find a curated list of articles that walk through every stage of the Georgian licensing journey. From step‑by‑step guides on preparing documentation, to deep dives on how AML controls are audited, to comparisons of Georgia’s framework with other jurisdictions, the collection covers practical tips and real‑world examples. Whether you’re a startup looking to launch an exchange or an established wallet provider expanding into the Caucasus region, the posts below give you actionable insights to navigate the VASP license Georgia process with confidence.