National Bank of Georgia Denies Regulation of EU-Sanctioned Crypto Firms

National Bank Says EU-Sanctioned Georgia-Based Crypto Firms Not Under Its Regulation

The National Bank of Georgia (NBG) said that three Georgia-based crypto-related service platforms included in the EU’s latest sanctions package against Russia are not under its regulation. In a statement issued on July 24, the NBG identified the sanctioned companies as Aifory LLC, Abcex LLC, and Rapira Group LLC, stressing that “none of their areas …

By Civil.ge