All Bitcoin service providers in Georgia are set to be supervised by the country’s central bank starting in September.
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.
NBG’s acting governor Archil Mestvirishvili said that the new regulatory measures will help the country combat money laundering, the local news agency InterPressNewsIn line with Anti-Money Laundering considerations, the upcoming VASP probe is expected to increase the country’s compliance withMestvirishvili noted that NBG is among the main authorities that supervise compliance with those sanctions.
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