The Government of Armenia plans to streamline activities in the cryptocurrency market by leveraging the experience of the European Union. This was announced following a special meeting led by Prime Minister Nikol Pashinyan on January 20.
During the meeting, government members reviewed a draft law aimed at regulating the cryptocurrency sector. According to the Prime Minister’s office, the document seeks to strike a balance between fostering innovation and managing risks in this field.
As outlined by the drafters, the bill will cover all key aspects of cryptocurrency operations, including public offerings, trading, and related services. Particular emphasis is placed on ensuring transaction transparency—companies will be required to disclose all necessary information when selling crypto assets.
Organizations operating in the cryptocurrency market will need to obtain a special permit. This licensing mechanism, as noted by the government, is designed to enhance the security of market participants.
Prime Minister Pashinyan instructed the relevant authorities to conduct another round of discussions to refine the document before its submission for government approval. He also emphasized that the law will be continuously updated after its adoption to keep pace with the dynamic evolution of the cryptocurrency industry.
