Relations with the supervisory organ: instructions, inspections, sanctions
For a subject operating in the financial sector, supervision is a daily reality rather than an exceptional measure. For providers of virtual asset services this relationship is defined by the organic law of Georgia on the National Bank: the Bank ensures supervision — through registration and its cancellation, inspection and regulation, the issuance of written instructions, and the imposition of additional requirements, restrictions and sanctions. On this page we explain what this means in practice for a supervised person and which instruments are engaged when.
This page covers the relationship after entry. For the entry itself — the full registration cycle — see our guide on VASP licence in Georgia: NBG registration.