Armenia’s Law on Cryptoassets Takes Effect, Establishes Legal Guidelines

On July 4, 2025, a new law on cryptoassets officially came into force, creating the country’s first full legal framework to regulate the trading, offering, and use of cryptocurrencies and related services.

This law gives Armenia a strong foundation to compete globally in the fast-growing digital finance world. It also protects Armenian citizens from scams and helps attract serious investors who want clear rules and fair oversight.

The new law was carefully designed to balance two important goals: allowing innovation in blockchain and digital assets to grow, while also making sure that companies follow rules and risks are kept under control. The Armenian government wants to support progress, but not at the cost of public trust or financial stability.

To do this, the law requires that only reliable and transparent businesses can operate in Armenia’s crypto market. Companies must now register with the Central Bank of Armenia and go through a licensing process to show they are responsible and law-abiding. These new standards are meant to protect everyday people who buy or invest in crypto, and to prevent shady operators from doing business.

A key part of the law is the “same activity, same risk, same regulation” principle. This means if a crypto service is similar to a traditional financial service, it must be regulated the same way. It’s a way to ensure fairness and reduce loopholes that could be exploited by bad actors.

Over the next six months, the Central Bank of Armenia will finalize the main rules that companies must follow, including how to apply for licenses, how to offer digital assets legally, and how to report financial activities. Any business that was already working in crypto in Armenia before July 4 will have one year to get licensed under the new rules.

New companies must get permission before they begin offering any crypto services.

The law also applies to those who issue or distribute cryptoassets to the public. Once the sub-regulations are ready, they must submit detailed offering documents to the Central Bank within three months—unless the law specifically exempts them.

With this move, Armenia shows it is ready to take digital finance seriously while protecting its citizens. By creating a clear legal environment, the country is opening the door for international partnerships, tech investment, and a future where Armenians can safely participate in the global digital economy.

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