Georgia to Unveil New Cryptocurrency Law by This Fall

Georgia to Unveil New Cryptocurrency Law by This Fall

Authorities in Georgia are now holding discussions with industry representatives to finalize a bill designed to regulate coin trading, among other crypto-related activities. The legislation will be presented to the Georgian society this fall at the latest, a top central bank official announced.

Central Bank of Georgia Talks Crypto Regulation With Market Players

The National Bank of Georgia (NBG) is fine-tuning a draft law tailored to establish a legal framework for certain operations with cryptocurrencies with the help of interested parties from the sector. Public and business officials are currently holding talks on the new legislation, the bank’s Vice Governor Papuna Lezhava revealed, quoted by Sputnik Georgia. He stated:

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We are working on a bill regulating cryptocurrency, and now it is at the stage of

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