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National Bank Says EU-Sanctioned Georgia-Based Crypto Firms Not Under Its Regulation

The National Bank of Georgia (NBG) said the three virtual asset entities included in the EU’s latest sanctions package against Russia are based in Georgia but are not regulated by the country’s central bank. In a statement issued on July 24, the NBG identified the sanctioned companies as Aifory LLC, Abcex LLC, and Rapira Group …

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