Georgia has approved an updated legal framework for cryptocurrency regulation in the financial sector, which regulates the digital business and cryptocurrency trading sector, News-Georgia reported. In addition, the deputy prime minister of the country has submitted a package of bills to the parliament, which is scheduled to be passed in the autumn session, which provides for the granting of legal status to persons involved in digital asset transactions, as well as the definition of their obligations and rights, in order to exclude the use of cryptocurrencies for money laundering. or terrorist financing. Foresight News previously reported that Georgia’s central bank plans to introduce a new crypto regulation bill by this fall at the latest.