YEREVAN, March 17. /ARKA/. Martin Galstyan, Governor of the Central Bank of Armenia, commented on the criticism voiced by crypto market participants regarding the Law “On Cryptoassets.”
He responded to ARKA news agency’s question about whether the Central Bank is aware of the criticism and whether any steps are being taken to address the situation.
“Not only are we aware of the criticism, but we are also at the epicenter of it. If I’m not mistaken, my colleagues organized meetings between industry representatives and banks,” Galstyan said.
Crypto market participants call the Law “On Cryptoassets” incomplete and, in some places, too narrow for the industry to function properly.
The Law “On Cryptoassets” entered into force in Armenia on July 4, 2025. The document establishes rules for cryptoasset trading, service provision, and market oversight.
The established regulatory mechanisms allow only verified and transparent companies to enter the market, which should protect the rights of cryptoasset buyers and increase trust in the market.
