Cryptocurrency exchange and Web3 company Bitget has secured regulatory approval to operate in Georgia, reinforcing its commitment to expanding across Eastern Europe.
The license, granted through the Tbilisi Free Zone (TFZ), allows Bitget to offer digital asset exchange and custodial wallet services under the country’s forward-leaning regulatory regime. The move reflects a strategic effort to broaden Bitget’s presence in regions offering operational clarity and crypto-friendly policies.
Georgia continues to attract attention as an emerging player in the global digital asset sector. With its favorable tax environment, progressive crypto regulations, and ranking as a leader in crypto mining per capita, the country is fast becoming a base for international blockchain firms.
The TFZ has also become a focal point for digital asset companies seeking compliant yet flexible infrastructure. By choosing Georgia, Bitget is aligning with a jurisdiction that supports both innovation and investor protection.
A Strategic Move for Eastern European Expansion
Bitget CEO Gracy Chen emphasized that entering Georgia is part of the exchange’s wider mission to operate in markets that recognize crypto’s long-term potential.
“Regions with strong crypto-friendly frameworks are creating the foundation for the next era of finance,” she said. “Georgia is an example of how strategic policymaking can open doors for growth while guarding users’ safety and increasing accessibility.”
Major digital asset platforms are turning their focus to Eastern Europe, attracted by the region’s supportive regulations and expanding user base. Several countries are now setting the standard for clear, lawful, and transparent crypto operations.
For Bitget, this means engaging with governments and regulators that support responsible innovation, ensuring compliance while facilitating expansion.
Global Licensing Strategy in Motion
The Georgian license is the latest addition to Bitget’s expanding regulatory footprint. The company already holds authorizations across Europe, Latin America, and Asia-Pacific, including AUSTRAC in Australia, OAM registration in Italy, and Virtual Asset Service Provider listings in Lithuania, Poland, Bulgaria, and the Czech Republic.
In the UK, Bitget operates under the Financial Conduct Authority through Archax Ltd, while its registrations in El Salvador and Argentina strengthen its presence in the Latin American market.
Bitget Mulls Singapore Exit After License Threat
Bitget and Bybit are reportedly preparing to scale back operations in Singapore following a final warning from the country’s central bank that threatens their ability to serve overseas clients. Both firms have operated in the city-state without a full license and now face a June 30 deadline to comply or withdraw.
The Monetary Authority of Singapore (MAS) last week ordered all digital token service providers without a formal license under the Payment Services Act to cease overseas activities. The directive leaves little room for negotiation and applies even to firms awaiting full approval.
Offshore exchanges with front-office teams or international customers are included in the ban, according to the MAS.
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