EU Sanctions Don't Apply to Georgian Crypto Firms

The National Bank of Georgia (NBG) has stated that three crypto-related service platforms sanctioned by the EU are not under its regulation.

The NBG identified the sanctioned companies as Aifory LLC, Abcex LLC, and Rapira Group LLC, noting that 'none of their areas of activity was Georgia' and that 'investigative actions have been launched against them.'

The EU's 21st round of sanctions against Russia conditionally includes the Kulevi oil refinery on Georgia's Black Sea coast, with a transaction ban set to take effect in six months unless reviewed.