Share this article
BTC
$93,483.21
+
0.56%ETH
$1,794.22
+
2.38%USDT
$1.0003
-
0.01%XRP
$2.2187
+
0.56%BNB
$605.12
-
1.80%SOL
$150.84
+
1.90%USDC
$0.9998
+
0.00%DOGE
$0.1790
-
0.37%ADA
$0.6970
+
2.59%TRX
$0.2461
-
0.23%LINK
$15.06
+
7.14%SUI
$2.9372
+
9.19%AVAX
$22.34
+
1.78%LEO
$9.1236
+
0.58%XLM
$0.2664
+
0.55%SHIB
$0.0₄1363
-
0.19%TON
$3.1958
+
2.61%HBAR
$0.1804
+
0.48%BCH
$358.92
-
0.33%LTC
$83.21
-
1.16%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Georgia Central Bank Plans to Introduce New Crypto Rules: Report
The eastern European nation will follow international guidance as it sets out an anti-money laundering and licensing regime.

The National Bank of Georgia, the central bank of the eastern European nation, is planning to regulate the country's crypto market, according to a report from The Financial, citing the central bank governor.
- The country's crypto markets have monthly transactions of up to GEL 5 million (US$1.6 million), Governor Koba Gvenetadze said.
- The draft law will include rules for registering virtual asset service providers, testing compliance procedures and halting money laundering, Gvenetadze said.
- The draft will follow the guidance of the anti-dirty money standard setter, the Financial Action Task Force, as well as technical advice from the International Monetary Fund.
- The central bank has already forbidden conventional financial institutions like banks from offering crypto exchange services, and discouraged them from doing businesses with crypto companies.
Jack Schickler
Jack Schickler was a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He previously wrote about financial regulation for news site MLex, before which he was a speechwriter and policy analyst at the European Commission and the U.K. Treasury. He doesn’t own any crypto.
