YEREVAN, April 14. /ARКА/. The Law on Cryptoassets will establish basic cybersecurity rules, and entities providing crypto services will also have to comply with these requirements, said Deputy Chairman of the Central Bank Armen Nurbekyan, presenting the draft law on cryptoassets and a legislative package on amendments to a number of related laws at an extraordinary meeting of the parliamentary committee on on financial, credit and budgetary issues.
“Different services have different degrees of risk. As for traceability, this is one of the most important points of the law on cryptoassets. That is, we must be sure that the sender and recipient data are indicated when making transfers. We are talking about the Travel Rule,” Nurbekyan said.
According to him, any company that has a license in Armenia, whether it is crypto assets or banking activities, must follow the Travel Rule, which implies the fight against money laundering.
The Armenian government approved the law On crypto assets at a meeting on February 27. -0-
