The National Bank’s public register is the authoritative starting point for checking whether a named entity is registered as a VASP in Georgia. A brand, website or press release is not a substitute for matching the legal entity, registration act and service relationship shown in official records.
A dated market snapshot
In our review of the NBG public list on 18 August 2026, the numbered register showed 42 registered providers and a separate cancelled entry. That is a dated editorial snapshot, not a permanent market count. Readers should check the live NBG page before making a decision because registrations, names and status can change.
How to verify a provider
- Identify the legal entity you will contract with—not only the app or group brand.
- Match its exact name and identification details to the NBG register.
- Review the published registration administrative act where available.
- Confirm that the website, application, office or kiosk displays or makes the registration act easily available.
- Check whether the service, country and contracting entity you will use are the ones described.
- Repeat the check before onboarding and periodically afterward.
What registration status establishes
The NBG’s VASP framework includes registration, fit-and-proper and AML/CFT oversight, transfer-information rules and supervisory powers. The public register confirms the legal entity and registration status; customers and counterparties should assess the product, custody, contracts, operations and financial position separately.
A public example: Bybit Georgia
The National Bank published news about the official launch of Bybit Georgia. It is a useful public example of an international operator establishing a local market presence. CryptoLicense.ge does not present Bybit as a client and does not infer private facts about its registration process from the announcement.
What founders can learn from the register
The list demonstrates that registration is achievable by different operators, but it does not establish a standard turnkey blueprint. Each business has its own ownership, customers, assets, providers, technology, staff and risk. A founder should use public examples to understand the market—not copy another company’s policies or assume the same evidence will work.
Counterparty due diligence goes further
A registered VASP dealing with another VASP should assess the counterparty’s legal status, ownership, countries, AML controls, Travel Rule readiness, sanctions exposure, custody, incident history and ability to provide required information. Register status is one input, not the complete decision.
Official materials used for this guide
These links support the editorial baseline; the explanation above is written for founders and operators. Current consolidated legislation and later official instruments take priority.