Georgia has taken another significant step in the field of financial technology with the official establishment of an association that unites leading crypto companies under a common mission—to support the development of the country’s digital economy.

The Financial Innovative Technologies Promotion Association was established to support the development of an innovative financial environment, create a safe and reliable ecosystem in this field, promote the development of the legislative framework, and protect the interests of its members.

The association plans to increase awareness of financial innovative technologies, raise knowledge in this field, and also conclude memoranda of understanding with various international associations.