Digital Euro Association and National Bank of Georgia Join Forces to Propel Digital Currency Initiatives

The Digital Euro Association (DEA) is thrilled to announce its partnership with the National Bank of Georgia (NBG), aimed at enhancing the development and understanding of digital currencies in Georgia. This collaboration marks a significant stride in the field of digital currency, combining expertise and resources to promote innovation, education, and practical applications of digital money.Under this MoU, the DEA and the NBG will engage in various cooperative endeavors. These include sharing knowledge about digital currencies, organizing joint conferences, collaborating joint research papers and assistance in other spheres of respective competence.

The Chairman of the DEA, Jonas Gross, expressed his enthusiasm about the partnership: "We are delighted to collaborate with the National Bank of Georgia. This partnership not only signifies an important step in our mission to promote digital currency education and innovation globally but also marks our first collaboration with a central bank in the Caucasus region. Together, we aim to explore the possibilities that digital currencies present for enhancing financial inclusion, efficiency, and the overall well-being of citizens."

Head of Fintech and Suptech Development Department at NBG, Varlam Ebanoidze, noted "We're excited about our collaboration with the DEA as it underscores our dedication to fostering innovation and advancing Fintech education in Georgia, unlocking the full potential of Digital Currencies. Through this partnership, we anticipate gaining valuable insights from this endeavor and collectively serving a pivotal role as catalysts for promoting CBDC as a 'public good' within our nation.“

About the Digital Euro Association

The Digital Euro Association, based in Frankfurt, Germany, is a leading think tank focused on central bank digital currencies (CBDCs), stablecoins, crypto assets, and other digital money forms, with a particular emphasis on the digital euro. The DEA is dedicated to maintaining independence while facilitating knowledge exchange, fostering innovative ideas, and promoting a progressive stance in the realm of digital money. It serves as an unbiased voice representing public interest in digital currency matters and engages in partnerships to advance its objectives without endorsing any specific ideologies, products, services, or political stances.

About the National Bank of Georgia

The National Bank of Georgia (NBG) is the central bank of Georgia, the bank of banks, the banker and the fiscal agent of the Government of Georgia. It is a legal entity under public law. In its activity, the National Bank is guided by the Constitution of Georgia, the Organic Law of the National Bank of Georgia, and the legislation of Georgia and relies on the procedures and customs accepted in international banking practice.