National Bank Says EU-Sanctioned Georgia-Based Crypto Firms Not Under Its Regulation - Civil Georgia
National Bank of Georgia; Photo: Georgia's Public Broadcaster/1tv. geThe National Bank of Georgia (NBG) said that three Georgia-based crypto-related service platforms included in the EU’s latest sanctions. . .
National Bank of Georgia; Photo: Georgia's Public Broadcaster/1tv. geThe National Bank of Georgia (NBG) said that three Georgia-based crypto-related service platforms included in the EU’s latest sanctions package against Russia are not under its regulation. In astatementissued on July 24, the NBG identified the sanctioned companies as Aifory LLC, Abcex LLC, and Rapira Group LLC, stressing that “none of their areas of activity was Georgia” and that “investigative actions have been launched against them. ”The names of two companies identified by the NBG — Aifory LLC and Rapira Group LLC — match those of entitiessanctioned by the United Kingdomin May over “Russia-focused exchanges seeking to evade sanctions. ”The European Union unveiled its 21st round of sanctions against Russia on July 23,conditionally includingthe Kulevi oil refinery on Georgia’s Black Sea coast, with a transaction ban due to take effect in six months unless the decision is reviewed. The package also targeted 14 crypto-related service platforms based in Georgia, Panama, the UAE, the Marshall Islands, Kyrgyzstan, and Belarus. Georgia’s Foreign Ministryissued a statementon Kulevi’s conditional inclusion on the sanctions list, saying there were “no factual or legal grounds” for the move and expressing hope that the bloc would review the decision before it takes effect in January 2027. Also Read:24/07/2026 –Russian Money Transfer System Zolotaya Korona Halts Transfers to Georgia Following EU SanctionsRead Next24/07/2026 - 18:08Russian Money Transfer System Zolotaya Korona Halts Transfers to Georgia Following EU Sanctions24/07/2026 - 15:15MFA ‘Regrets’ EU Decision to Conditionally Include Kulevi Refinery in Russia Sanctions Package, ‘Hopes’ for Review23/07/2026 - 21:16EU Conditionally Includes Georgia’s Kulevi Oil Refinery in 21st Russia Sanctions Package15/07/2026 - 17:19Money Transfers to Georgia Rise 10. 4% in June as EU, U. S. Remain Top Sources25/06/2026 - 12:41National Bank Says It Purchased $632 Million in Foreign Currency in May19/06/2026 - 14:50EU and U. S. Remain Top Sources of Money Transfers to Georgia as Inflows Rise 7% in MayBack to top button