Georgia (GA)
Money transmission and virtual currency licensing planning data for Georgia.
Population weight (planning): 3.27% · Back to matrix · Launch map
How to read this page: confirmed cells are checked against a primary regulatory source and dated. Under review marks a cell where primary sources conflict or a figure awaits confirmation.
MTL required
Yes. A convertible virtual currency exchange running a fiat on/off ramp falls within Georgia's money transmission definition (receiving money or monetary value for transmission) and commonly requires a money transmitter licence from the Department of Banking and Finance; no crypto-specific exchange carve-out exists.
Verified 2026-07-16. Source
Fiat treatment
Yes. The fiat leg alone, receiving money for transmission, independently satisfies the money transmission definition at O.C.G.A. 7-1-680(14)(A) and commonly triggers review under the licensing requirement at O.C.G.A. 7-1-681, regardless of whether a virtual currency leg is also present.
Verified 2026-07-16. Source
Virtual currency treatment
Inside the money transmission statute. Virtual currency is a defined term at O.C.G.A. 7-1-680(30), added by 2024 Ga. Laws 701 effective 1 July 2024, and monetary value under 7-1-680(13) already captured non-cash mediums of exchange; there is no separate crypto-only licence regime.
Verified 2026-07-16. Source
Regulator
Department of Banking and Finance (Georgia DBF), the state agency that licenses and supervises money transmitters under O.C.G.A. Title 7, Chapter 1, Article 4.
Verified 2026-07-16. Source
NMLS / portal
NMLS licence type: Money Transmitter (Georgia). State-specific licensing requirements and the new-application checklist are published on the NMLS State Licensing Requirements page for Georgia.
Verified 2026-07-16. Source
MTMA adoption
partial: H.B. 55 (2023); see also Act 748 (2022), effective July 1, 2023.
Verified 2026-07-16. Source
Launch posture
green: Georgia completed a multi-year statutory modernisation (2022-2024) that expressly defines virtual currency and average daily money transmission liability inside the money transmission statute, giving CVC exchanges.
Verified 2026-07-16. Source
Net worth / capital (locked)
Net worth / capital is included with access.Permissible investments (locked)
Permissible investments is included with access.Exam / audit timeline (locked)
Exam / audit timeline is included with access.Practitioner notes (locked)
Practitioner notes is included with access.Under the planning scenario
LicenceMap's bond and net worth figures use one scenario throughout: a virtual currency exchange with a fiat on and off ramp, $50m in annual US transmission volume, $2m in average daily outstanding liability, and a single principal office.
Surety bond: Surety bond is included with access.
Net worth / capital: Net worth / capital is included with access.