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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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Crypto's closest ally in Congress, Sen. Lummis, is retiring next year
The most tireless advocate of digital assets issues in the U.S. Senate said she's grown too tired to keep at it, leaving her Republican seat in play next year.
What to know:
- U.S. Senator Cynthia Lummis, a dedicated friend to crypto causes, has decided to exit the Senate after her first term.
- Lummis said in a statement that she doesn't have another six years in the tank, but she intends to deliver major legislation to President Donald Trump's desk next year.
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