Georgia Arrests Manager of Unregistered Crypto Provider Who ‘Facilitated Uncontrolled International Transactions’ - Civil Georgia

Georgia's Investigation Service arrests manager of unregistered VASP, seizes crypto and cash

Georgia's crackdown on unregistered VASPs signals stricter regulatory enforcement, potentially deterring illicit crypto activities and enhancing oversight. The post Georgia’s Investigation Service arrests manager of unregistered VASP, seizes crypto and cash appeared first on Crypto Briefing.

Georgia Arrests Manager of Unregistered Crypto Provider Who ‘Facilitated Uncontrolled International Transactions’ - Civil Georgia

The Investigation Service of Georgia’s Finance Ministry announced the arrest of a manager of an unregistered cryptocurrency service provider who allegedly facilitated uncontrolled international transactions through virtual asset transactions worth tens of millions of USD. According to the agency, the suspect, whose name has not been identified, “without mandatory registration with the National Bank of Georgia, was conducting virtual asset transa…