The Investigation Service of the Ministry of Finance has arrested a cryptocurrency company manager accused of facilitating illegal transactions worth tens of millions of dollars.
The agency said the company operated without mandatory registration with the National Bank of Georgia and engaged in the conversion of virtual assets and cash.
“Through this activity, the accused facilitated uncontrolled international transactions in the country,” the agency said.
As a result of the investigative measures, law enforcement officers seized computer equipment, dozens of bank cards, various documents, cash ($83,903 and €300), as well as cryptocurrency worth $79,600.
The Investigation Service did not disclose the name of the company.
The detainee has been charged with illegal entrepreneurial activity. If convicted, he faces three to five years in prison.
