The National Bank of Georgia (NBG) has introduced new regulations allowing companies registered and licensed locally to issue stablecoins pegged to fiat currency. The relevant stablecoins must be fully backed by reserve assets and segregated from the issuer's own assets. Issuance entities are required to register as Virtual Asset Service Providers (VASPs) and obtain regulatory approval, while also undergoing regular independent audits; if reserve assets exceed 15 million lari, audits must be conducted by major accounting firms such as Deloitte, PwC, Ernst & Young, or KPMG. (Cryptopolitan)

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