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National Bank to Regulate Online Credit Organizations

Banking

National Bank to Regulate Online Credit Organizations

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The project would be to protect the customer rights and interests, Georgian Economy Minister Dimitri Kumsishvili told reporters.

“Under the work, the national bank will regulate the sector therefore we believe it is a correct decision.

Regretfully, our citizens lack for financial knowledge to independently protect themselves.

Consequently, our task could be to regulate each one of these issues to be able our citizens take advantage of the due services as well as duration, refrain from taking inappropriate risks”, the Georgian Economy Minister noted.

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