Georgian central bank prepares legislation to regulate the crypto market
The tiny nation in the Caucasus accounts for almost 1% of Bitcoin mining and has over $1 million in under regulated crypto turnover monthly. Georgia, the country on the Black Sea, is preparing to regulate its cryptocurrency market. National Bank of Georgia Governor Koba Gvenetadze told The Financial on Monday that the central bank has already developed draft regulatory legislation in accordance with the requirements of international agencies.Gvenetadze said the size of the Georgian crypto market is unknown, due to the lack of regulation. However an estimate by Moneyval, the Council of....
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