{"id":66564,"date":"2022-08-31T17:50:46","date_gmt":"2022-08-31T14:50:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66564"},"modified":"2025-09-07T02:00:22","modified_gmt":"2025-09-06T23:00:22","slug":"georgia-to-update-crypto-regulation-to-align-with-eu-rules","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/georgia-to-update-crypto-regulation-to-align-with-eu-rules\/","title":{"rendered":"Georgia to update crypto regulation to align with EU rules"},"content":{"rendered":"<p>Georgia&#8217;s authorities approved an updated regulatory framework for the financial sector regulating the trading of cryptocurrencies in the country. Deputy Prime Minister Levan Davitashvili said this, according to <a href=\"https:\/\/bm.ge\/ka\/article\/saqartvelos-mtavrobam-kriptoaqtivebistvis-samartlebrivi-charchos-sheqmna-daaanonsa\/115615\/\">Business Media Georgia<\/a>.<\/p>\n<p>The package of legislative acts envisages alignment with three EU directives \u2014 on payment services, capital requirements, and providers of virtual asset services. The latter Davitashvili described as &#8220;particularly important&#8221; for shaping a sound regulatory framework for Georgia&#8217;s crypto industry.<\/p>\n<p>According to him, the document has been referred to Parliament. Amendments are planned to be adopted during the autumn session.<\/p>\n<p>Earlier in July, the Council of the European Union and the European Parliament preliminarily agreed on provisions of the draft regulation for crypto assets, <span data-descr=\"Markets in Crypto Assets, markets in crypto assets\" class=\"old_tooltip\">MiCA<\/span>. It outlines rules applicable to issuers of unbacked crypto assets, trading and custodian platforms.<\/p>\n<p>Later, members of the European Greens and Socialists <a href=\"https:\/\/forklog.news\/v-es-predlozhili-rasprostranit-standarty-aml-na-nft-platformy\/\">proposed<\/a> extending <span data-descr=\"anti-money laundering and countering the financing of terrorism\" class=\"old_tooltip\">AML\/CFT<\/span>-procedures to decentralised organisations, DeFi platforms and NFT platforms.<\/p>\n<p>The EU authorities also decided <a href=\"https:\/\/forklog.com\/en\/news\/eu-to-create-a-single-cryptocurrency-regulator\">to establish a new regulatory body<\/a>, charged with direct oversight of cryptocurrency businesses.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Georgia&#8217;s authorities approved an updated regulatory framework for the financial sector regulating the trading of cryptocurrencies in the country, says Deputy Prime Minister Levan Davitashvili, according to Business Media Georgia.<\/p>\n","protected":false},"author":1,"featured_media":66565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[389,36],"class_list":["post-66564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-georgia","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=66564"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66564\/revisions"}],"predecessor-version":[{"id":66566,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66564\/revisions\/66566"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/66565"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=66564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=66564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=66564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}