Prime Minister Nikol Pashinyan chaired consultations on the draft law aimed at regulating the crypto-assets.
In particular, discussions focused on the main provisions of the draft law, the advantages and risks in the sector, principles of regulation, and the types of services to be regulated. It was noted that the main goal of the draft law is to curb potential risks in the sector without inhibiting innovations. It was reported that the draft law was developed taking into account the international experience, namely, the European Union. According to the authors, the scope of regulation of the draft law will include the public offering of crypto-assets, services, and trade.
The participants of the consultation emphasized the importance of disclosing the necessary information in the case of the sale of crypto-assets, noting that “access permission” will be considered mandatory for the provision of services.
Prime Minister Pashinyan emphasized the importance of regulating the sector and instructed to finalize the draft law as a result of another discussion and submit it for approval by the Government. The Prime Minister noted that the law will be continuously improved in the future, as necessary.
