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Georgia has no standalone stablecoin/digital-asset statute; virtual currency money transmission is folded into the general MTL regime under O.C.G.A. § 7-1-690, which directs DBF to enact virtual-currency-specific rules balancing innovation and consumer protection. DBF actively enforces against unlicensed virtual-currency operators, most recently a January 2026 cease-and-desist against a virtual-currency kiosk operator.
- HB 1272 / Act 452, licensing provisions — A person must hold a DBF-issued license to issue payment stablecoins in Georgia; unlicensed issuance is prohibited. (commenced future; in force 2027-01-18) source, 2026-05-15
- O.C.G.A. § 7-11-17 — A licensed stablecoin issuer must maintain 1:1 reserves in eligible assets, publish monthly certified reserve compositions, and hold reserves in statutory trust without pledging or rehypothecating them except narrowly. (commenced future; in force 2027-01-18) source, 2026-06-11
Not yet covered by Cryptoassets.gi for this jurisdiction: how a fiat-referenced token is classified (e-money, stablecoin, e-money token or asset-referenced token) and the tests that decide it; systemic stablecoin regimes: recognition, backing-asset rules and the joint central bank and conduct regulator regime; cross-border market access for stablecoin and e-money activity between neighbouring regimes and its expiry; what an EMI or PI needs in addition to its licence to offer crypto conversion or stablecoin services, including payment-services treatment of token transfers.
Outlook
Absent a dedicated crypto-asset licence, Georgia's approach channels virtual-currency activity — and virtual-currency enforcement — through the same money-transmission statute as fiat transfers. The Crypto Dispensers action signals DBF is willing to use that channel actively against unlicensed platforms rather than treat digital-asset activity as outside its remit.
no periodic updates on record for this sub-brief
Sources and findings (4 unique sources · R-3/R-4)
- [W2-E1] T1 Derived: Confirmed in_forcehttps://codes.findlaw.com/ga/title-7-banking-and-finance/ga-code-sect-7-1-690.html re-verified
O.C.G.A. § 7-1-690 authorizes DBF to enact rules solely for persons engaged in money transmission or payment-instrument sale involving virtual currency, aimed at fostering growth, ensuring solvency/soundness, protecting customers from insolvent providers, and eliminating fraud in the industry.
- [W2-E2] T1 Derived: Confirmed in_forcehttps://law.justia.com/codes/georgia/2022/title-7/chapter-1/article-4/section-7-1-680/ re-verified
'Virtual currency' is defined in O.C.G.A. § 7-1-680 as a digital representation of monetary value lacking legal tender status, expressly excluding software/protocols, closed-loop affinity/rewards points, and card-tied rewards redeemable for dollar-denominated credit.
DBF states that the money transmission definitions include some forms of virtual currency transactions, so some virtual currency service providers must be licensed with the Department to serve Georgia consumers — there is no separate 'crypto license' outside the MTL framework.
- [W2-E4] T1 Derived: Confirmed in_forcehttps://dbf.georgia.gov/press-releases/2026-01-16/order-cease-and-desist-issued-virtual-assets-llc-dba-crypto-dispensers re-verified
On January 16, 2026, a DBF Cease-and-Desist Order against Virtual Assets LLC dba Crypto Dispensers became final, for operating an online virtual currency trading platform in Georgia without a valid license or exemption, in violation of O.C.G.A. § 7-1-681.