Central Bank of Armenia initiates discussions on draft by-laws related to Law on Cryptoassets

YEREVAN, September 5. /ARКА/. The Central Bank of Armenia is set to conduct a public discussion on  the draft by-laws essential for implementing the Law on Cryptoassets, which became effective on July 4 of this year, as reported by the regulator’s press service.

The Central Bank has introduced the draft regulation titled “Requirements for the content of the document offering cryptoassets” and has announced the commencement of its public discussion process.

The regulator emphasized that all interested parties are invited to submit their feedback and recommendations on the draft until September 19 of this year.

About the Law on Cryptoassets

The Law on Cryptoassets came into effect in Armenia on July 4, 2025. This document outlines the regulations for trading cryptoassets, delivering services, and overseeing the market. The proposed regulatory frameworks permit only verified and transparent companies to participate in the market, aiming to safeguard the rights of cryptoassets purchasers and enhance trust in the market.-0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (July 27–31)

Armenia's financial agenda last week was determined by banking sector data, rating decisions, inflation and public debt forecasts, exchange rate dynamics, personnel changes at Byblos Bank Armenia, and expert assessments of the possible impact of restrictions on goods supplies to Russia.

Central Bank: Armenia’s current public debt level is not a cause for concern

The current level of Armenia's public debt is not a cause for concern, stated Deputy Governor of the Central Bank of Armenia Hovhannes Khachatryan.

Armenia’s total public debt as of June 2026 amounted to $13.9 billion

Armenia's total public debt as of June 30, 2026, amounted to $13,900.932 million, an increase of $8.476 million compared to May 31, 2026, according to a report by the Statistical Committee of Armenia.

Assets of Armenian credit institutions exceeded 905 billion drams in the first half of the year, up 5.12% from the beginning of the year

The total assets of Armenia's credit institutions as of June 30, 2026, amounted to 905.17 billion drams, an increase of 2.58% compared to March 31, 2026, and a 5.12% increase from the beginning of the year.

Net profit of Armenian credit institutions in the first half of 2026 decreased by 1.5 times to 21 billion drams

The total net profit (after tax) of Armenian credit institutions in the first half of 2026 amounted to 21.02 billion drams, compared to 30.73 billion drams in the first half of 2025 (a decline of 1.46 times, or 31.6%).

LATEST NEWS

spot_imgspot_imgspot_img