Governor of the National Bank of Georgia (NBG), Natia Turnava, participated in the presentation event of the investment project launched by Tether, one of the world’s largest blockchain-based platforms.

During her remarks, Natia Turnava highlighted the NBG’s priorities in advancing technological development within the financial sector and noted that, alongside maintaining financial and monetary stability, promoting modern financial services and innovation remains one of the Bank’s key priorities.

According to her, the NBG is actively working to create a regulatory environment that supports the development of financial technologies and encourages investment inflows. In this regard, Georgia has introduced a registration regime for Virtual Asset Service Providers (VASPs), while the NBG has been granted full supervisory authority over the sector.

“The NBG has developed a modern regulatory framework for the virtual assets sector based on international best practices, ensuring the transparent and stable development of the industry. This is the first regulatory framework of its kind in the region. Its objective is to support the issuance of stable virtual assets in a secure, transparent and reliable environment in Georgia. This development responds to growing demand in global financial markets and creates new opportunities for attracting investment into the country. Overall, our regulatory framework is robust, yet it is precisely this kind of environment that is attractive to global companies operating in the virtual assets sector, as it provides predictability. We will continue to advance our efforts in this direction,” said Natia Turnava.

She also noted that the reforms implemented by the NBG are increasing the interest of international financial and technology companies in Georgia.

“It is important for us to attract the interest of global companies such as Tether. Investments of this kind confirm that Georgia is creating an attractive and competitive environment for the development of financial technologies and digital finance in the region,” Natia Turnava stated.

The event also focused on the development of Georgia’s financial sector, the role of modern financial technologies, and the importance of international cooperation. Representatives of the public and private sectors, as well as international financial and technology industries, attended the meeting.