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Georgia Central Bank Plans to Introduce New Crypto Rules: Report
The eastern European nation will follow international guidance as it sets out an anti-money laundering and licensing regime.
Updated May 11, 2023, 5:07 p.m. Published Apr 5, 2022, 12:34 p.m.
The National Bank of Georgia, the central bank of the eastern European nation, is planning to regulate the country's crypto market, according to a report from The Financial, citing the central bank governor.
- The country's crypto markets have monthly transactions of up to GEL 5 million (US$1.6 million), Governor Koba Gvenetadze said.
- The draft law will include rules for registering virtual asset service providers, testing compliance procedures and halting money laundering, Gvenetadze said.
- The draft will follow the guidance of the anti-dirty money standard setter, the Financial Action Task Force, as well as technical advice from the International Monetary Fund.
- The central bank has already forbidden conventional financial institutions like banks from offering crypto exchange services, and discouraged them from doing businesses with crypto companies.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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CFTC's acting chief Pham poised to go to crypto firm MoonPay once Mike Selig lands
The leader of the derivatives regulator is planning to join the crypto industry as the CFTC and other federal regulators work on policies to benefit the sector.
What to know:
- Commodity Futures Trading Commission Acting Chairman Caroline Pham confirmed again that she's heading to crypto firm MoonPay when the Senate confirms her replacement and he's sworn in.
- President Donald Trump's CFTC chair nominee Mike Selig was set for a Senate vote Wednesday evening, according to that chamber's schedule.
- Selig, currently an SEC official, would arrive at the CFTC just as several of Pham's crypto initiatives have gone live.
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