Crypto Exchange and Brokerage in Georgia
Classify exchange and brokerage execution roles, liquidity, custody, fiat settlement and counterparty responsibilities before the operating model is fixed.
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Georgia’s VASP perimeter follows the functions actually performed by the operator. A single commercial product may combine exchange, transfer, custody, trading-platform, portfolio-management, lending or ICO-related services, and each function should be mapped separately.
Commercial labels such as broker, remittance app, wallet, marketplace or yield product do not determine the legal classification. We map the actual customer journey, asset and money flows, control rights and provider roles to the Georgian statutory categories before the application model is fixed.
Exchange and/or transfer requires GEL 150,000; administration of a trading platform requires GEL 350,000; and other ordinary VASP services require GEL 250,000. A multi-service VASP applies the highest relevant threshold rather than adding the amounts together. At least 75% must consist of primary capital.
Classify exchange and brokerage execution roles, liquidity, custody, fiat settlement and counterparty responsibilities before the operating model is fixed.
Review this modelEstablish who can control customer assets or control instruments and evidence key management, withdrawals, segregation, reconciliation and recovery.
Review this modelMap virtual-asset transfer separately from any fiat payment leg, with counterparty, Travel Rule, sanctions, KYT and self-hosted-wallet controls.
Review this modelDefine venue administration, matching, asset admission, conflicts, custody, settlement, resilience and records without conflating the platform with principal dealing.
Review this modelStructure individual discretionary mandates, authority, custody, limits, valuation, fees and reporting while identifying collective-management or other perimeter overlap.
Review this modelConfirm eligible business borrowers, collateral, custody, valuation, margin, liquidation, funding source and the VASP company’s permitted activity perimeter.
Review this modelClassify the token and each issuer/service role before offering, payment, custody, smart-contract governance, purchaser disclosures and secondary-market plans are finalised.
Review this modelPlan prior NBG consent, Whitepaper, reserve backing and segregation, capital, issuance, redemption, reconciliation, resilience and monthly NBG reporting as a dedicated regulatory project.
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