Cryptocurrency exchange Bitget has secured a license to operate in Georgia through the Tbilisi Free Zone (TFZ), marking a significant step in its Eastern European expansion strategy. The license enables Bitget to offer digital asset exchange and custodial wallet services within the TFZ, providing a regulated avenue for the company's growth in the region.
Georgia has emerged as a notable hub for crypto innovation, attracting attention with its pro-business environment and supportive policies for crypto and blockchain companies. The country ranks among the top for crypto mining per capita and blockchain integration, actively aligning with global financial standards while embracing the potential of the cryptospace. The Tbilisi Free Zone offers tax advantages and clear frameworks for companies in the digital asset space, making it a favorable location for international players seeking operational flexibility and regulatory clarity.
Bitget's CEO, Gracy Chen, emphasized the strategic importance of this move, stating that Georgia's crypto-friendly framework lays the foundation for the future of finance. She noted that Bitget aims to collaborate with jurisdictions that understand the long-term potential of crypto as a key component of the emerging global economic infrastructure.
This development aligns with Bitget's broader objective of strengthening its presence in markets that support responsible innovation. As crypto adoption accelerates in Eastern Europe, the region has become increasingly important for digital asset platforms serving both institutional and retail users under compliant structures. Regulatory transparency in jurisdictions like Georgia ensures growth is coupled with accountability, aligning with Bitget's international expansion approach.
Bitget already holds registrations in several key jurisdictions across Europe, Latin America, and Asia-Pacific, including Australia (AUSTRAC), Italy (OAM), and Virtual Asset Service Provider status in Poland, Bulgaria, Lithuania, and the Czech Republic. In the United Kingdom, Bitget operates under FCA authorization through Archax Ltd. The company is also registered in El Salvador and Argentina, demonstrating its commitment to regulatory compliance worldwide.
The move to Georgia underscores a broader trend of cryptocurrency exchanges targeting Eastern Europe for expansion. The region's open regulations and progressive economic outlooks make it an attractive destination for digital asset platforms. By establishing a regulated presence in Georgia, Bitget is well-positioned to capitalize on the growing crypto adoption in the region and contribute to the development of a responsible and sustainable digital asset ecosystem.
Bitget's focus on compliance and security is evident in its efforts to secure licenses and registrations in various jurisdictions. This approach not only enhances user trust but also ensures long-term growth as the company aligns its operations with evolving regulations worldwide. As the crypto industry continues to evolve, Bitget's commitment to responsible innovation and regulatory compliance will be crucial in shaping its success and contributing to the overall maturity of the digital asset market.
