Virtual asset service providers register with the National Bank of Georgia, which is adding prudential and stablecoin rules. This page sets out the authorisations a stablecoin business needs in Georgia, who grants each one and what it covers, alongside how many companies hold them today. The figures come from the registers Anvesan reads and are updated as those registers change.
RegulatorNational Bank of Georgia (NBG)
LawAnti-money-laundering law and the Organic Law on the National Bank of Georgia
Authorisations in Georgia, as at 21 September 2026
Authorisations45across 2 licence families
Licensed44of 45 authorisations
In the pipeline0No live applications
Ended1Refused, withdrawn or lapsed
Authorisations by licence
Georgia virtual asset service provider registration98%44
Other authorisations2%1
These 45 authorisations belong to 45 companies. The company-level records are in Atlas Pro.
What those authorisations permit
Scope not stated in the licence45
One authorisation can cover several activities, so these figures overlap.
The licences: who grants them, how long, what they cost
The statutory clock is the formal decision period, where the regulator publishes one. “Observed” is the real-world timeline reported by applicants, not a figure the regulator sets. Capital is the regulatory minimum, not legal or advisory fees. Where a figure is not yet available, we show “Unavailable”; where one exists but Anvesan has not verified it, we show “Not sourced”.
The Atlas column maps a licence to a tracked licence family only where the two are the same thing. Where they are not, it reads Not mapped, and the family counts are in Authorisations by licence above.
Georgia virtual asset service provider registration
44 in the Atlas
Who grants it
National Bank of Georgia (NBG)
What triggers it
Not sourced
Legal basis
Anti-money-laundering law and the Organic Law on the National Bank of Georgia
Statutory clockNot sourced
Anvesan has not verified this for this regime yet. It is added when it is.
What it takes in practiceNot sourced
Anvesan has not verified this for this regime yet. It is added when it is.
Capital requirement
Not sourced
Application feeNot sourced
What to watch
Regulatory changes only: what is being decided, by whom, and when. Company-level licence changes are tracked in Atlas Pro.
Questions this page answers
How many companies hold a stablecoin-related licence in Georgia?
Atlas tracks 45 authorisations across 45 companies in Georgia, read from official registers and checked on 21 September 2026. Of those, 44 are licensed, 0 are in the pipeline, and 1 have ended.
Who regulates stablecoins in Georgia?
National Bank of Georgia (NBG). The framework is Anti-money-laundering law and the Organic Law on the National Bank of Georgia.
What licence does a stablecoin business need in Georgia?
This page lists one authorisation, with the regulator that grants it and what triggers the requirement.
How long does a licence take in Georgia, and what capital does it need?
Anvesan has not verified decision timelines or capital thresholds for Georgia yet, so this page does not publish them. It publishes no figure it cannot cite.
How these numbers are made
Registers read
The official registers used for this regime, named in the Registers read line. Where a public register does not provide a record, the source is identified separately.
Cadence
Checked daily. Changes are recorded when they appear in the register, together with the date they were seen. Last checked 21 September 2026.
Licence detail reviewed
23 September 2026. Counts are refreshed daily. Licence terms, timelines and capital thresholds are reviewed separately because they come from the underlying rules rather than the register.
Known gap
“Unavailable” means the figure does not yet exist or has not been published. “Not sourced” means the figure exists but Anvesan has not yet verified it. Neither is estimated.