Bitget obtains regulatory approval in Georgia to strengthen compliance layout in Eastern European market

Cryptocurrency exchange Bitget recently announced that it has obtained approval from Georgian regulators to officially operate as a digital asset exchange and custodial wallet service provider in the Tbilisi Free Zone (TFZ). This development marks the further expansion of Bitget's compliance footprint in Eastern Europe and the continued strengthening of its strategic layout in the European crypto market.

Bitget said that the license will enable the platform to provide a full range of virtual asset services covering trading, asset management and custody in Georgia. The Tbilisi Free Zone is regarded as a core area for local crypto and fintech innovation, and this move is expected to provide Bitget with a favorable policy and tax environment.

Since the EU's "Markets in Crypto-Assets Regulation" (MiCA) was officially passed in 2024, Bitget has actively responded to the compliance regulatory framework and accelerated its expansion in the European market. Through its affiliate Archax Ltd, Bitget has been authorized by the UK Financial Conduct Authority (FCA) to conduct crypto-asset related services in the UK.

In addition, Bitget has completed registration in Italy, joined the local Organization of Financial Intermediaries and Brokers (OAM), and has successively obtained Virtual Asset Service Provider (VASP) qualifications in Poland, Bulgaria, Lithuania and the Czech Republic. The Bitget management team said that the company will continue to deepen its compliance strategy and is committed to providing secure and transparent crypto trading services to global users.