Bitget Expands in Europe With New Georgia License

Bitget has obtained regulatory clearance to operate as a digital asset exchange and wallet provider in Georgia, strengthening its presence in the European crypto market.

The license, issued for operations within the Tbilisi Free Zone (TFZ), enables the platform to offer its full suite of services. These include spot trading, futures, and copy trading, all accessible to Georgian users under local compliance standards.

Bitget Eyes Georgia as Key Market

The license approval comes as the European Union continues to enforce its Markets in Crypto-Assets Regulation (MiCA). This has prompted exchanges like Bitget to deepen their regulatory footprint across the region.

As part of this strategy, the exchange is already authorized by the UK’s Financial Conduct Authority (FCA) through its affiliate Archax Ltd. It also holds registrations with Italy’s Organismo Agenti e Mediatori. Additionally, it is listed as a virtual asset service provider (VASP) in Poland, Lithuania, Bulgaria, and the Czech Republic.

Extending its regional efforts, the exchange has shifted its focus to Georgia. “Georgia stands out as a key market,” said Bitget CEO Gracy Chen, citing clear regulations, favorable tax policies, and an active user base. She also emphasized the platform’s added security measures, such as proof-of-reserves and a dedicated user protection fund.

This aligns with Bitget’s interest in the country, as Georgia’s pro-innovation stance has made it attractive to blockchain firms. The government is working closely with businesses when forming digital asset laws. It also supports the sector through initiatives led by the Georgian Innovation and Technology Agency.

Bitget Wallet Adds Stablecoin Payment Option

The new license builds on Bitget’s growing list of regulated markets across Europe, Latin America, and the Asia-Pacific region. The company is registered with AUSTRAC in Australia and holds VASP status in Argentina and El Salvador.

Alongside its regulatory expansion, the exchange is also strengthening its product infrastructure. As part of its PayFi initiative, Bitget Wallet has launched QR code-based crypto payments in Vietnam. The feature enables users to transact using stablecoins such as USDT and USDC through VietQR, the country’s national QR code standard.

The system supports multiple blockchains, including Ethereum, Tron, Solana, Base, TON, and BNB Chain. It will soon introduce auto-swap features to facilitate token payments without manual conversions.

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