Bitget Secures Strategic Georgia License Amidst Global Expansion
Bitget, a prominent cryptocurrency exchange, is making significant moves on the global stage. The company recently secured a crucial license in Georgia, marking a key step in its ambitious Europe crypto expansion plans. This development follows other regulatory approvals across the continent and coincides with an innovative product launch by Bitget Wallet in Vietnam, highlighting Bitget’s multi-faceted approach to growth and adoption worldwide.
Bitget’s Strategic Entry into the Georgia Crypto Market
Bitget has obtained regulatory approval in Georgia, allowing it to operate as a digital asset exchange and custodial wallet provider within the Tbilisi Free Zone (TFZ). This Georgia crypto license is a strategic win, positioning Bitget in a region known for its progressive stance on digital assets.
Why Georgia Stands Out for Europe Crypto Expansion
Georgia is becoming an increasingly attractive destination for crypto businesses. Bitget was drawn to the country for several key reasons:
- Clear Regulations: Georgia offers a regulatory framework that provides certainty for crypto operators.
- Tax Benefits: The Tbilisi Free Zone provides favorable tax conditions.
- Growing User Base: The country has a developing base of crypto users.
- Government Engagement: The Georgian government actively collaborates with businesses on shaping crypto laws and supports innovation through agencies like GITA.
Gracy Chen, CEO of Bitget, noted, “As Europe moves toward the Markets in Crypto-Assets Regulation (MiCA) implementation, Georgia stands out as a key market providing regulatory clarity, tax advantages, and real user adoption.”
Bitget’s Growing Footprint in European Crypto Regulation
The Georgia license is part of Bitget’s broader strategy to expand its presence across Europe since MiCA came into effect. The exchange has been actively seeking and securing regulatory approvals in various European countries. Bitget holds authorization from the UK’s Financial Conduct Authority (FCA) through its affiliate Archax Ltd. It is also registered with Italy’s Organismo Agenti e Mediatori (OAM) and listed as a virtual asset service provider (VASP) in several other European nations, including Poland, Bulgaria, Lithuania, and the Czech Republic. This consistent effort demonstrates Bitget’s commitment to operating within established crypto regulation frameworks.
Bitget Wallet Launches Innovative Payments in Bitget Wallet Vietnam
Adding to Bitget’s global expansion efforts, Bitget Wallet recently launched national QR payment support in Vietnam as part of its global PayFi initiative. Vietnam is the first market to benefit from this feature, allowing users to make crypto payments using the VietQR standard.
Users can pay with stablecoins like USDT and USDC across multiple blockchains (Ethereum, Tron, Solana, Base, TON, BNB Chain) by scanning VietQR codes. Future updates will include auto-swap functionality for payments using any token.
Jamie Elkaleh, chief marketing officer at Bitget Wallet, shared, “Users in Vietnam have already used Bitget Wallet to pay with stablecoins for everyday expenses like food, groceries, and retail items simply by scanning VietQR codes.”
This service is enabled through collaboration with licensed partner AEON’s crypto payment framework, connecting users to over 55 banks and payment institutions supporting VietQR, and accepted by over 2 million merchants nationwide.
Supporting Crypto Regulation and Adoption in Vietnam
Vietnam’s regulatory landscape is also evolving to support digital asset adoption. A new law approved on June 14 formally recognizes crypto assets, setting the stage for regulated development. Effective January 1, 2026, the law defines crypto and virtual assets separately and introduces cybersecurity and Anti-Money Laundering requirements aligned with global standards. This regulatory clarity supports initiatives like Bitget Wallet’s payment feature, fostering greater Adoption of digital assets for daily transactions.
Summary: Bitget’s Strategic Global Push
Bitget’s recent actions underscore a clear strategy for global growth. The Georgia crypto license strengthens its position in Eastern Europe, leveraging favorable conditions and expanding its Europe crypto expansion. Simultaneously, the Bitget Wallet Vietnam launch demonstrates a commitment to real-world crypto utility in a rapidly developing market. By navigating and embracing crypto regulation in diverse regions, Bitget is building a compliant and accessible ecosystem for users worldwide, driving forward the mainstream Adoption of digital assets.
