El Banco Central de Georgia trabaja con el FMI para desarrollar un marco regulatorio para las criptomonedas para su país.
Georgia, a country located at the intersection of Europe and Asia, neighboring Russia and formerly part of the former Soviet Union, had said last year that in 2022 it would begin to test your Central Bank Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. Currency currency is a medium of exchange that defines value. (CBDC) .
Now he’s working on much more: he wants to establish a crypto regulatory framework.
Koba Gvenetadze, gobernador del Banco Nacional de Georgia (NBG), el banco central del país, dijo en una entrevista ayer a The Financial that the institution is working on a regulatory framework for cryptocurrencies.
The media outlet asked Gvenetadze what the estimated turnover of cryptocurrencies in Georgia is.
“Due to the fact that the VASP sector is not regulated regulation is when something is controlled by a specific set of rules. at this stage, we do not have precise data on this issue. However, the Georgia Round 5 Mutual Evaluation Report, which was published in September 2020… states that the volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. of swap transactions may range from 3.5 to 5 million GEL (1 to 1.5 million euros) per month.”
Regulating the market an area or arena, online or offline, in which commercial dealings are conducted.
Also, to the question about whether the central bank plans to regulate the cryptomarket in Georgia, he replied:
“Yes, we plan to regulate the cryptomarket in Georgia. In this regard, we have developed an initial draft of relevant legislative changes in accordance with the requirements of the Financial Action Task Force. We are also benefiting from the technical assistance of the International Monetary Fund staff in the development of this regulatory framework. The draft legislative changes at this stage include registration/licensing, compliance testing and AML anti-money-laundering laws, regulations, and procedures that aim to end the unlawful income practices. control requirements for cryptomarket players”
The bank’s governor made it clear that there are already some previous steps the country has taken:
“It should be noted, however, that before the above-mentioned rules come into force, the NBG has already taken some steps. In particular, financial institutions have been prohibited from providing virtual asset exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. and transfer services . In addition, persons engaged in virtual asset activities should be classified by financial institutions as high risk customers and should be subject to appropriate enhanced preventive measures”.
Georgia and crypto
It is worth noting that Georgia has been engaging with the crypto world. In 2019 he signed an agreement with Cardano to implement your Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. in several areas of government. In 2018, it was reported that the country had become Eurasia’s crypto mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. epicenter .
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