Georgia's NBG Order No. 94/04 makes VASP registration with the National Bank of Georgia mandatory and sets fit-and-proper, governance, operational and AML/CFT conditions for virtual-asset service providers operating in Georgia. It provides cancellation, inspection and ongoing supervisory mechanisms under the National Bank perimeter.
Ruleeffective
Rule on Virtual Asset Service Provider Registration, Cancellation of Registration and Regulation (Order No. 94/04)
Also known as: Rule on VASP Registration, Cancellation and Regulation (Order No. 94/04)
Georgia National Bank of Georgia (NBG)
Overview
Key Details
Jurisdiction
GeorgiaRegulator
National Bank of Georgia (NBG)
Law Type
Rule
Status
In ForceOfficial Law Number
Order No. 94/04
Official Title
Rule on Virtual Asset Service Provider Registration, Cancellation of Registration and Regulation (Order No. 94/04)
Enacted Date
June 13, 2023
Effective Date
July 1, 2023
Who This Law Applies To
Virtual-asset service providers operating in Georgia under the National Bank of Georgia regulatory perimeter.
Key Requirements
- Requires mandatory VASP registration with the National Bank of Georgia.
- Sets fit-and-proper, governance, operational and AML/CFT conditions for registered VASPs.
- Provides cancellation, inspection and ongoing supervisory mechanisms.
Official Sources
Official indirect sourceUse official Georgian order text as primary source. English NBG announcement is supporting context.
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