Georgia Prepares to Regulate Cryptocurrency Market

According to the information provided by The Financial, the Central Bank of Georgia plans to introduce some legal regulations to the local cryptocurrency sector.

According to the statements made by the Governor of the Central Bank of Georgia, on how to regulate the use of cryptocurrencies a draft roadmap has been prepared case.

While preparing this draft, the head of the central bank Financial Action Task Force (FATF) that they act in accordance with the standards set by the They also received technical support from the International Monetary Fund (IMF). told.

In the cryptocurrency legislation, which is still in the draft stage, companies how to get licensedin terms of legal compliance how to check and How to fight money laundering There are some related articles.

The Central Bank of Georgia, financial institutions in the country to serve cryptocurrency exchanges had banned.

According to the statements made by the central bank governor, monthly crypto exchanges in the country A transaction volume ranging from 1 million to 1.5 million euros is presumed to be.

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