YEREVAN, July 9. /ARKA/. The Law on Cryptoassets entered into force on July 4, 2025, the press service of the Central Bank of Armenia reports.
The Law on Cryptoassets establishes general rules for the offer, purchase and sale of cryptoassets, provision of services and market supervision. This regulation, maintaining a balance between the promotion of innovation and effective risk management, brings certainty to the legal field, creating an opportunity for businesses to operate in a more predictable and safe environment.
The law also provides for regulatory mechanisms that allow only proven and transparent companies to enter the market, which is a prerequisite for protecting the rights of cryptoasset buyers and increasing public confidence in this market.
The regulation is based on the principle of “one activity, one risk, one regulation”, according to which the implementation of activities related to crypto assets, similar in nature to any traditional financial activity and associated with similar risks, should be regulated in the same way.
Within six months from the date of entry into force of this law, the Board of the Central Bank will adopt the main by-laws, including the procedure for registration and licensing of persons providing services for crypto assets, as well as regulatory legal acts governing the supply of crypto assets.
“Persons who, at the time of entry into force of the Law are already providing services with cryptoassets are obliged, within one year from the date of entry into force of the by-law regulating the licensing of persons providing services with cryptoassets, to register and obtain a license from the Central Bank. Other persons may provide services with cryptoassets in the territory of the Republic of Armenia only after registration and licensing (obtaining permission) from the Central Bank,” the statement says.
Prior to the entry into force of the by-law regulating the form and content of the offer document of cryptoassets, issuers or underwriters of cryptoassets sold through a public offering are obliged, within three months after the entry into force of the by-law regulating the form and content of the offer document of cryptoassets, to prepare, publish and submit to the Central Bank an offer document, unless exceptions are established by the Law “On Cryptoassets”.
To provide services in this sphere, it will be necessary to open a new company and obtain a new license. The main types of regulated services include launching a trading platform; storing cryptoassets; offering tokens (stablecoins) tied to an asset; buying and selling (exchanging) cryptoassets at one’s own expense; buying and selling cryptoassets at the expense of the client; receiving and transmitting instructions for transactions with cryptoassets; placing cryptoassets; managing a portfolio of cryptoassets; crypto asset related consulting; crypto asset transfer.-0-
