---
title: "Blockchain Legal Framework"
url: "https://legal.ge/en/service/technology-and-digital-law-en/blockchain-legal-framework-en"
field: "Technology & Digital Law"
description: "Virtual assets are not legal tender in Georgia; providers of virtual asset services are supervised by the National Bank. Legal.ge."
reviewed: "2026-07-09"
updated: "2026-10-28"
publisher: "legal.ge"
---

# Blockchain Legal Framework

> Source: legal.ge, https://legal.ge/en/service/technology-and-digital-law-en/blockchain-legal-framework-en

## The Legal Status of Virtual Assets

The legal framework for blockchain-based activity in Georgia is defined at the state level, and at its centre stands the concept of the virtual asset. Under the Organic Law of Georgia on the National Bank, a virtual asset is not a lawful means of payment. The same law prohibits making payments with a virtual asset, except in those cases determined by a legal act of the National Bank of Georgia which are necessary for the provision of virtual asset services. This means that the use of cryptocurrency in everyday payments is restricted as a general rule and is allowed only within supervised services. At the same time, the law treats virtual asset services as a distinct type of financial activity, so a person operating in this field is guided by a special legal regime rather than by general commercial rules. Such an approach allows the state to bring the development of new technologies into harmony with financial stability and the protection of consumers.

The full text is available on legal.ge after signing in: https://legal.ge/en/service/technology-and-digital-law-en/blockchain-legal-framework-en

### What is the legal regime of virtual assets?

A virtual asset is not a lawful means of payment, and payment with it is prohibited except in cases determined by the National Bank. The service may be provided only by a registered provider.

### Where is a provider registered?

A provider of virtual asset services must register with the National Bank of Georgia and satisfy its requirements. The rules of registration and regulation are established by a normative act.

### How does the law protect transaction transparency?

The National Bank determines the accompanying information for transfers of virtual assets and controls the traceability of transactions, and in case of risk suspends or limits particular operations.

### Who answers for violations?

For violating the law and the legal acts of the National Bank, a sanction, including a monetary fine, is imposed on the provider of virtual asset services and on the provider's administrator.