Tbilisi (GBC) - Speaking about the benefits of strengthening regulation of virtual assets through the stablecoin initial offering rule.
NBG Vice President Nino Jeladze said that the regulation aims to identify future risks.
She said that she will continue to work. The regulation of stable virtual assets, so-called stablecoins, will improve risk management standards in the financial sector.
According to her, stable virtual assets in circulation must be 100% secured by reserve assets that must meet high liquidity and rating.
It starts with the offering document and continues with the verification of external auditors in order to provide the public with complete information about issuers, reserves and risk management.
According to Nino Jeladze, the rule ensures the sustainable development of Georgia's stable virtual asset ecosystem.