Treat stablecoins as a separate regulatory track requiring prior NBG consent and dedicated reserve, redemption, reporting and resilience controls.
Why this workstream matters
A registered VASP needs prior written NBG consent to offer a stablecoin in Georgia. The model must address 100% reserve backing, eligible composition, segregation, redemption, offering document, transparency, reporting, capital, operational risk and cybersecurity.
Model-specific questions
- Prior-consent strategy
- Reserve assets and segregation
- Redemption and holder rights
- Offering document and disclosure
- Capital and reporting
- Operational resilience and cybersecurity
How it connects to the application
Outputs must be consistent with the ownership structure, product and information flows, providers, business plan, staffing assumptions, policies and system behaviour. Any inconsistency should be resolved before filing or implementation.
Client inputs and dependencies
We confirm required founders, group records, product documentation, vendor information, system access, markets, transaction assumptions and responsible client personnel during scoping. The proposal separates adviser work, client responsibilities and third-party costs.