YEREVAN, December 18. /ARKA/. ‘We are not in a hurry to introduce digital drams, but certain resources will be invested in opportunities for issuing our own electronic money,” Chairman of the Central Bank of Armenia Martin Galstyan said today..
“At the moment many people are talking about it cryptocurrencies, which are speculative assets that have high risk and at the same time high margins and, accordingly, high losses,’ Galstyan said.
According to him, many central banks are thinking about issuing their own electronic money – CBDC (Central Bank Digital Currency). We have also started exploring these possibilities, but there is room for quite a long discussion,” he said at a discussions at Yerevan State University dedicated to the 30th anniversary of the Armenian national currency.
Regarding cryptocurrency regulation, Galstyan said the aim is to curb the phenomena of money laundering, trafficking and illegal activities.
“We will try to limit such cases if possible, but at the same time we will create opportunities for those good investors who want to have such assets in their portfolio,” Galstyan said.
Galstyan stated earlier that the Central Bank was holding internal discussions on the introduction of digital AMD. This, idea, according to him, has both supporters and opponents, and both sides put forward quite strong arguments. The discussions on this issue are expected to intensify early next year. -0-
