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Burundi vs Georgia

Crypto regulation comparison

Burundi

Burundi

Georgia

Georgia

No Data
Legal

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Georgia is one of the most crypto-friendly countries globally. There is no capital gains tax for individuals on cryptocurrency, and the country has a significant crypto mining industry due to low electricity costs. The National Bank has taken a cautious but permissive approach, issuing guidance rather than strict regulation.

Tax Type Unclear
Tax Type No tax
Tax Rate N/A
Tax Rate 0% (individuals)
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator -
Regulator National Bank of Georgia (NBG)
Stablecoin Rules -
Stablecoin Rules No specific stablecoin regulation
Key Points

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Key Points
  • No capital gains tax on crypto for individuals
  • Businesses dealing in crypto are taxed under standard corporate tax rules (15% CIT)
  • Georgia is a major crypto mining hub due to cheap hydroelectric power
  • NBG does not recognize crypto as legal tender but has not prohibited it
  • The Free Industrial Zone offers additional tax advantages for crypto businesses
Sources

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