Georgia

Not yet covered

Since July 2023 virtual asset service providers must register with the National Bank of Georgia.

Georgia has a crypto regime of its own. A full rulebook with sources and licences is on its way.

Nearby markets at a glance

How the markets Four Pillars tracks in full across the Middle East stand on the questions people ask about Georgia, each linked to its full rulebook.

Market	Exchanges	Stablecoins	Tokenisation	Retail	Tax
UAEThree layers, four regimes: federal rules from the CMA and the Central Bank, Dubai's VARA with 58 licensed firms, and the ADGM and DIFC free zones.	Comprehensive	Comprehensive	Comprehensive	Comprehensive	Comprehensive
BahrainOne regulator, one rulebook: Bahrain licenses crypto firms in four tiers and, since June 2026, its first stablecoin issuer.	Comprehensive	Comprehensive	Partial	Comprehensive	Partial
QatarTokens yes, crypto no: Qatar licenses tokenisation of real assets in the QFC but still bars cryptocurrencies and stablecoins.	Prohibited	Prohibited	Partial	Restricted	Restricted
OmanRegistered, not licensed: Oman has made crypto firms register for AML since 2023, but its full licensing regime is still pending.	Developing	Developing	Developing	Restricted	Developing
IsraelA 2016 licensing law that took years to bite: Israel had 9 licensed crypto firms by mid-2026 and a shekel stablecoin bill on the table.	Partial	Developing	Developing	Comprehensive	Comprehensive
TurkeyA huge retail crypto market moves into licensing: 43 platforms await CMB permits while 56 others wind down, and crypto payments stay banned.	Partial	Restricted	Developing	Partial	Developing
JordanFrom a central bank ban to a licensing law: Jordan's 2025 virtual assets law puts crypto under the JSC, but no licences are out yet.	Developing	Restricted	Developing	Developing	Developing