The National Bank of Georgia has warned the public about companies soliciting funds with promises of returns from cryptoasset trading, noting that these operations may follow a classic financial pyramid model. Such schemes depend on attracting new participants and additional funds rather than developing a sustainable business. The schemes can collapse when inflows cease, leaving companies unable to meet their obligations, and the timing of a collapse is practically impossible to predict. Before investing, individuals should assess a company’s reliability, activities and solvency, and verify whether it is regulated by a public authority. Terms such as “financial,” “brokerage” or “investment” in a company’s name do not mean it is regulated or licensed by the National Bank of Georgia.
National Bank of Georgia2026-07-31
National Bank of Georgia warns that crypto trading investment offers may be pyramid schemes
The National Bank of Georgia has warned that companies promising returns from cryptoasset trading may be operating financial pyramid schemes. Investors should assess each company’s reliability and solvency and verify its regulatory status, as financial terminology in a company name does not indicate authorization by the central bank.