On July 4, 2025, Armenia’s new Law on Cryptoassets officially entered into force, establishing a comprehensive legal framework for the offering, trading, and provision of services related to cryptoassets, as well as the oversight of the market.
The legislation aims to strike a balance between fostering innovation and managing risks effectively. It introduces regulatory clarity, enabling businesses to operate in a more predictable and secure environment.
The law sets out rules that ensure only reliable and transparent companies can enter the Armenian crypto market — an essential step for protecting the rights of cryptoasset purchasers and increasing public confidence in the sector. The regulatory approach is based on the “same activity, same risk, same regulation” principle, meaning that activities involving cryptoassets that are similar in nature and risk to traditional financial services must be regulated in a similar way.
Within six months of the law’s enactment, the Central Bank of Armenia is expected to adopt the key sub-legislative acts, including regulations on the registration and licensing of crypto service providers and rules governing cryptoasset offerings.
Entities already providing crypto-related services in Armenia as of the law’s effective date will be required to register and obtain a license from the Central Bank within one year of the relevant regulations coming into force. Other entities may only offer such services after obtaining prior authorization from the Central Bank.
Furthermore, issuers or distributors of publicly offered cryptoassets must, within three months of the relevant sub-legislation entering into force, prepare, publish, and submit a formal offering document to the Central Bank — unless exempted under the law.
