Key Takeaways
- Bitget received regulatory approval to operate within Georgia’s Tbilisi Free Zone.
- The move reflects a broader shift as crypto firms seek more regulatory clarity in emerging hubs.
- The TFZ offers a combination of tax benefits and operational flexibility for digital asset firms.
Bitget has received approval to operate in Georgia’s Tbilisi Free Zone (TFZ), joining a growing list of crypto exchanges turning to smaller markets for regulatory clarity and favorable business conditions.
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Bitget Gets Regulatory Greenlight in Georgia
The license permits Bitget to provide exchange and custodial wallet services in the region.
The TFZ is designed to attract international tech and finance companies with streamlined regulation, tax incentives, and infrastructure tailored to digital businesses.
Bitget’s CEO, Gracy Chen, shared that the company sees long-term value in jurisdictions that aim to support innovation while building on international standards.
“The next era of finance will be defined by regions that build infrastructure through supportive, forward-thinking regulation,” Chen said. “Georgia is leading by example—balancing innovation with user protection and global standards.”
The move signals a deeper push into Eastern Europe, where several countries are positioning themselves as crypto-friendly alternatives to larger regulatory environments that remain uncertain or restrictive.
Eastern Europe Becomes Strategic Target for Regulated Expansion
With its relatively permissive crypto stance and reputation for tech-forward policymaking, Georgia has emerged as an attractive destination for global digital asset firms.
The country ranks among the top for crypto mining per capita and has taken steps to align with global financial norms while encouraging blockchain adoption.
The Tbilisi Free Zone, in particular, offers a rare combination of low taxes, simplified setup processes, and a supportive regulatory structure, qualities that appeal to firms looking to scale in a compliant yet cost-effective way.
Bitget joins several other exchanges and service providers that have established or expanded their presence in Eastern Europe over the past year.
Bitget’s Growing List of Regulatory Bases
The Georgia registration adds to Bitget’s expanding footprint of regulated operations across Europe, Latin America, and Asia-Pacific.
The exchange is registered with AUSTRAC in Australia and holds authorizations in Italy, Poland, Lithuania, Bulgaria, and the Czech Republic.
In the U.K., Bitget operates through an FCA-registered entity, Archax Ltd.
Elsewhere, it holds VASP status in Argentina and El Salvador—countries with vastly different but evolving crypto policies.
Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors.
Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.
