NBG approves new reporting rules for stable virtual assets

To ensure continuous and transparent oversight of stable virtual assets and their underlying reserve assets, the National Bank of Georgia (NBG) has approved new reporting regulations governing stable virtual assets.

According to the NBG, the framework aims to bolster public trust in the virtual asset services sector, protect consumer rights, and mitigate operational risks.

The development of the new rules draws on the National Bank’s supervisory practices, recommendations from international financial organisations, and global best practice.

The regulation sets out specific requirements for completing and submitting reporting disclosures, detailing the precise information issuers are required to furnish to the central bank.

Under this supervisory framework, the central bank will gain access to comprehensive, regular data concerning stable virtual assets issued through initial offerings and circulating in the market, as well as their corresponding reserve holdings, specifically, the composition of reserves and the ratio of liquid assets within them.

Issuers of stable virtual assets must complete the required reporting in accordance with the standardised form appended to the regulation, with the deadline for submitting initial returns to the National Bank of Georgia set for no later than 15 October 2026.