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Georgia

Georgian banking regulator to tighten AML screws for digital currency firms
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6 June, 2023

Georgian banking regulator to tighten AML screws for digital currency firms

Acting Governor of the NBG Archil Mestvirishvili confirmed that the Georgian central bank would float new anti-money laundering (AML) directives...
Embattled Compass Mining shuts down Georgia facilities after 50% energy price hike
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6 September, 2022

Embattled Compass Mining shuts down Georgia facilities after 50% energy price hike

Compass, which recently laid off 15% of its staff and slashed executives’ salaries by 50%, will relocate its mining rigs...
Georgia drafts new laws to keep up with EU digital asset regulations standards
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5 September, 2022

Georgia drafts new laws to keep up with EU digital asset regulations standards

Georgia is overhauling its financial sector with new laws aimed at tackling money laundering and terrorist financing while working on...
Georgia now working towards FATF-compliant digital currency regulations
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15 April, 2022

Georgia now working towards FATF-compliant digital currency regulations

Georgia’s central bank is working with the IMF on the regulations, which will include registration of VASPs, compliance testing, and...
Georgia makes residents pledge holy oath vs digital currency mining
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25 January, 2022

Georgia makes residents pledge holy oath vs digital currency mining

As China leads a number of countries in legal measures against block reward mining, Georgia is turning to a different...
National Bank of Georgia weighs up central bank digital currency
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8 May, 2021

National Bank of Georgia weighs up central bank digital currency

The National Bank of Georgia is considering launching a digital Lari, which it hopes will help the nation benefit from...
Georgia passes bill that will bring digital currency education to high schools
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16 March, 2021

Georgia passes bill that will bring digital currency education to high schools

The state’s House of Representatives passed a bill that calls for these schools to teach the students about financial literacy,...
IMF wants Georgia to reform its accounting of crypto industry
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9 December, 2019

IMF wants Georgia to reform its accounting of crypto industry

IMF wants Georgia to reform its accounting of crypto industry
Is Bitcoin mining hurting Georgia?
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24 November, 2019

Is Bitcoin mining hurting Georgia?

Is Bitcoin mining hurting Georgia?