Armenia is preparing to implement unified regulations for its crypto market to improve transparency, reduce money laundering risks and enable traditional banks to offer crypto services. According to Armen Nurbekyan, Deputy Governor of the Central Bank of Armenia, the proposed legislation focuses on financial oversight by requiring crypto firms to disclose ownership, meet minimum capital requirements and comply with financial hygiene standards. Technical aspects of cryptocurrency will remain untouched. Current laws only cover crypto exchange offices, but the new framework will expand to include coin issuance and broader market activity. Already approved by the Parliamentary Finance Committee, the draft law will move to the full legislature for debate. The initiative marks Armenia’s first comprehensive attempt to regulate its growing crypto sector.
