YEREVAN, April 8. /ARKA/. The Central Bank of Armenia considers it important to address the challenges faced by real people and businesses, and it is through this lens that it views stablecoins as a strategic priority, stated Martin Galstyan, Chairman of the Central Bank of Armenia.
“Cross-border financial services today remain largely fragmented and do not provide end clients with fast and high-quality service. Stablecoins offer a compelling way to bridge this gap and are in a unique position as they represent a natural intersection where the traditional financial and crypto worlds can merge to provide clients with higher-quality services,” he said at the Doing Digital 2026 forum, which is being held under the slogan “Connecting Platforms and Economies.”
According to him, the recently adopted law on crypto regulation demonstrates the Central Bank’s commitment to achieving a “golden balance” between consumer protection and the development of innovation.
“The regulation focuses on the financial, rather than the technological, side of the industry, ensuring the integration of new technologies in a safe, efficient, and transparent manner,” he emphasized.
The Law on Cryptoassets entered into force in Armenia on July 4, 2025. Work is currently underway to develop supporting legislation. The document establishes rules for cryptoasset trading, service provision, and market oversight. The established regulatory mechanisms allow only proven and transparent companies to enter the market, which should protect the rights of cryptoasset buyers and increase trust in the market.
ARKA Agency is the forum’s media partner. -0-
