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Georgian central bank to launch AML probe into crypto firms

Georgia, a major cryptocurrency-friendly country among post-Soviet states, is preparing to start monitoring crypto firms to prevent money laundering and comply with sanctions.The National Bank of Georgia (NBG) plans to launch mandatory supervision of virtual asset service providers (VASPs) starting Sept. 1, 2023.The NBG acting governor Archil Mestvirishvili said that

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Georgian vendors get crypto payments option with new partnership

Gate Pay, the cryptocurrency payment service offered by the crypto exchange firm Gate.io, has partnered with CityPay.io, a startup specializing in crypto payments in Georgia. The partnership will enable more than 600 merchants in Georgia to enjoy the benefits of crypto payment alternatives for their products and services.According to the

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Georgian central bank prepares legislation to regulate the crypto market

Georgia, the country on the Black Sea, is preparing to regulate its cryptocurrency market. National Bank of Georgia Governor Koba Gvenetadze told The Financial on Monday that the central bank has already developed draft regulatory legislation in accordance with the requirements of international agencies.Gvenetadze said the size of the Georgian

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