Cryptocurrency regulation in Armenia: Strategic shift in financial policies and investor risks

Armenia's cryptocurrency regulatory reform plan for 2024-2025 introduces a comprehensive legal framework that mandates cryptocurrency service providers to obtain licenses and implement anti-money laundering standards. While individual capital gains tax is 0% and ECOS free economic zone incentives are designed to attract investment, strict compliance requirements and cashless trading rules may pose challenges for smaller startups. The Central Bank of Armenia is responsible for supervision and balances innovation and financial stability.