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NBG Georgia Shortlists Ripple Among Tech Firms for CBDC Pilot
The National Bank of Georgia progresses with its Digital GEL Pilot Project, focusing on the exploration of Central Bank Digital Currency (CBDC) technology. Nine technology firms, including Ripple Labs, Inc., have been shortlisted for potential collaboration. The initiative mirrors global trends in modernizing financial infrastructures to meet the digital economy's evolving demands.
National Bank of Georgia Enhances Sanction Monitoring, Includes Virtual Asset Service Providers
The Acting President of the National Bank of Georgia, Archil Mestvirishvili, stated that the bank has not only been monitoring the observance of financial sanctions but also expanded its oversight to virtual asset service providers.
Gate Pay and CityPay.io Partner to Bring Cryptocurrency Payments to Georgia
Gate Pay has partnered with CityPay.io to offer cryptocurrency payment alternatives to over 600 merchants in Georgia, including restaurant chain Wendy’s. The collaboration aims to bridge the gap between Web3 and people’s daily lives.
Binance expands with blockchain hub in Georgia
Cryptocurrency exchange Binance has opened a blockchain hub in Georgia to promote crypto adoption in the country, create more jobs and attract talent to the blockchain sector.
Binance Charity Donates $100,000 in Georgia to Empower Women through Web3 Education
In celebration of International Women's Day, Binance Charity, the philanthropic arm of Binance, the world’s leading cryptocurrency and blockchain infrastructure provider, has announced a $100,000 donation to Georgia's Innovation & Technology Agency (GITA) to support web3 education and training. As a result of the partnership, more than 100 women will be able to study professional courses in Web3 and get support to move into the job market.
Cardano Blockchain to Stimulate Authenticity and Quality of Georgian Wine
To boost Georgia’s global reputation as a leading wine producer, the Cardano Foundation has partnered with the nation’s wine agency to create a public and flexible trace solution powered by the Cardano blockchain.
Georgia State Becomes next Mining Hub, Bitcoin Miners Enjoy its Green Energy
The exodus of crypto mining operations out of China massively has become a blessing in disguise to the United States, given that it now takes the lion’s share.
National Bank of Georgia to Launch CBDC Pilot Program in 2022
The National Bank of Georgia is set to launch a pilot program for its Central Bank Digital Currency (CBDC) dubbed the Digital Lari by 2022.
National Bank of Georgia Considers Launching Its Own Central Bank Digital Currency
The National Bank of Georgia believes that the CBDCs have become essential for the financial ecosystem to improve financial inclusion and enhance domestic payment systems.
Georgia Proposes Bill Where Crypto Will be Part of High School Curriculum
Georgia lawmakers have passed a bill that recommends cryptocurrency to be integrated into the high school curriculum.