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Delio Curation

Georgia to Launch Digital Lari Pilot in First Half of 2023


In the upcoming months, the National Bank of Georgia (NBG) plans to release a document outlining the idea of digital lari,’ crypto media outlet reported on January 17.


Although the NBG delayed the testing for this year, a pilot version of the central bank digital currency (CBDC) was previously anticipated in 2022. The bank explained that a CBDC is required to improve how well the economic policy works and better fulfill the digital economy's demands. Furthermore, it highlighted that the currency would be recognized as legal money in Georgia. Insights claim that the digital lari will become a cheaper, more secure, and faster means of payment than the current fiat lari and will be able to function offline.


Tanzania is another country to kick off with a more cautious and risk-based approach toward adopting its central bank digital currency (CBDC) due to the recent cryptocurrency market collapse. The Tanzanian central bank disclosed that during the study phase, it considered the "degree of anonymity or traceability" of the models for crypto issuance.



Fee policy for withdrawal of virtual assets

The following fees are charged when withdrawing virtual assets from Delio Bank.

Virtual asset type Transmission fee (Gas fee) Withdrawal fee
Bitcoin (BTC) Charged according to network conditions 2,000 won worth of Bitcoin
Ethereum (ETH) Charged according to network conditions 2,000 won worth of Ethereum
Ripple (XRP) Charged according to network conditions 1 XRP

· There is no fee for transfers within Delio Bank.

· No withdrawal fee is charged for virtual assets other than Bitcoin, Ethereum, and Ripple.

· Please check the transfer fee for virtual assets other than Bitcoin, Ethereum, and Ripple when withdrawing.