georgia News and Articles

A technical error in Coinbase resulted in Georgian users' cashing out funds with prices 100 times higher than their actual rates. This happened as the price of the country's official currency, the lari (GEL) was shown at $290 on August 31 instead of $2.90. So, users having $100 worth of lari on the...

The Georgian authorities have been refusing to recognize cryptocurrencies as a payment instrument over the past few years. Back in mid-2019, a law on the taxation of miners and traders began to operate in the country. At the same time, plans appeared to create an infrastructure in Georgia for...

The Georgian authorities decided to follow the example of those countries that are actively developing a national digital currency (CBDC). Recall that the Bank of France recently reported on the successful test of a token pegged to the euro. This week, the Central Bank of Georgia announced that it...