Bitget Expands in Eastern Europe with Georgia License

Bitget has received regulatory approval from Georgia to operate as a digital asset exchange and custodial wallet provider within the Tbilisi Free Zone (TFZ).

In a Thursday announcement, the company said its users in Georgia can now access Bitget’s full range of services, including spot trading, futures and copy trading, all within a fully compliant, locally regulated environment.

Bitget has been expanding in Europe since the European Union’s Markets in Crypto-Assets Regulation (MiCA) began taking effect in 2024.

Through its affiliate Archax, it holds authorization from the UK’s Financial Conduct Authority. It is also registered with Italy’s Organismo Agenti e Mediatori and is listed as a virtual asset service provider (VASP) in Poland, Bulgaria, Lithuania and the Czech Republic. 

“As Europe moves toward the MiCA implementation, Georgia stands out as a key market providing regulatory clarity, tax advantages and real user adoption,” said Gracy Chen, CEO of Bitget.

Chen highlighted that users also benefit from improved security measures such as proof of reserves and a dedicated protection fund.

Georgia marks Bitget’s latest expansion in Europe thanks to a favorable business climate and supportive regulatory framework. The Georgian government engages with businesses when shaping crypto-related laws and provides grants to blockchain and crypto companies through the Georgian Innovation and Technology Agency.

Related: El Salvador grants Bitget license for Bitcoin services

Bitget Wallet launches QR crypto payments in Vietnam

Building on its broader push to expand globally across multiple business lines, Bitget Wallet has introduced national QR payment support as part of its global PayFi initiative, with Vietnam becoming the first market to go live. The new feature allows users to make crypto payments using VietQR, Vietnam’s national QR standard.

The integration enables users to pay with stablecoins such as USDt (USDT) and USDC (USDC), supporting multiple blockchains, including Ethereum, Tron, Solana, Base, TON and BNB Chain. Future updates will also introduce auto-swap functionality, allowing payments using any token without manual conversion. 

Jamie Elkaleh, chief marketing officer at Bitget Wallet, told Cointelegraph that “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.” 

In collaboration with licensed partner AEON’s crypto payment framework, Bitget Wallet now enables stablecoin payments through more than 55 banks and payment institutions supporting VietQR, including VietinBank and Vietcombank. Over 2 million merchants nationwide accept the standard, spanning large retailers to small businesses. 

Vietnam’s regulatory environment for crypto has been evolving. On Saturday, the National Assembly approved the Law on Digital Technology Industry, which formally recognizes crypto assets and sets the stage for the regulated development of the sector.

Coming into effect on Jan. 1, 2026, the law defines crypto and virtual assets separately, and introduces cybersecurity and Anti-Money Laundering requirements aligned with global standards.

Magazine: Crypto is used for payments in Georgia, not to get rich: Tbilisi Crypto City Guide