While the population is "digitally savvy," data within the study suggests that encouraging consumers to switch to a CBDC may be an uphill struggle. Just 40% of payments in the Middle East and Central Asia were made digitally in 2021.

Binance is likely to leave Georgia soon due to registration issues. This adds to a series of setbacks, including the end of its partnership with Mastercard and Visa.

Binance has opened a blockchain hub in Georgia to develop the crypto industry in the country and attract talented Georgian specialists to the company.