Bitget Gains Regulatory Approval in Georgia, Launches Stablecoin QR Payments in Vietnam

Global crypto exchange Bitget has secured authorization from Georgian regulators to operate a digital asset exchange and custodial wallet within the Tbilisi Free Zone (TFZ). This approval represents an expansion of Bitget’s European licensing footprint into a region noted for its increasingly sophisticated regulatory environment.

Bitget has pursued regulatory clarity across Europe following the implementation of the Markets in Crypto-Assets (MiCA) regulation. The exchange and its affiliate, Archax Ltd., currently hold UK FCA authorization, are registered in Italy (OAM), and listed as VASPs in Poland, Bulgaria, Lithuania, and the Czech Republic. Georgia’s favorable business climate and active government engagement with crypto businesses were cited as key factors in the decision.

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

With its new license, Bitget users in Georgia can access the full suite of services, including spot trading, futures, and copy trading, operating fully within a compliant, locally regulated framework. Enhanced security features like proof of reserves and a dedicated protection fund are also offered to Georgian users.

Also in the News: El Salvador grants Bitget license for Bitcoin services

Bitget Wallet Enhances Global Payments with Vietnam Launch

Complementing its European expansion, Bitget Wallet has introduced national QR payment functionality as part of its PayFi strategy. Vietnam is the first market for this feature, enabling users to make crypto payments using the VietQR standard.

Consumers can utilize stablecoins like USDT and USDC across various blockchains including Ethereum, Tron, Solana, Base, TON, and BNB Chain. Upcoming updates will include auto-swap options for easier payment execution without manual conversions.

The integration, developed in partnership with AEON’s crypto payment framework, connects Bitget Wallet with over 55 banks and payment institutions supporting VietQR. This includes major entities like VietinBank and Vietcombank. With more than 2 million merchants using the standard, ranging from large retailers to small businesses, the service facilitates real-world use cases.

Jamie Elkaleh, Bitget Wallet’s CMO, reported: “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.”

Vietnam’s Regulatory Climate Easing Curb
Vietnam’s regulatory landscape is evolving to support widespread digital asset adoption. On June 14, the National Assembly approved the Law on Digital Technology Industry. This new law formally recognizes crypto assets and establishes a framework for their regulated development, coming into effect on January 1, 2026. It distinctively defines crypto assets and virtual assets, while incorporating international cybersecurity and AML/CFT requirements.

Related Feature: Crypto is Used for Payments in Georgia, not to Get Rich: Tbilisi Crypto City Guide