Armenia has a clear legal framework for crypto-assets established by the Law on Crypto-Assets (HO-159-N) effective July 2025, with implementing regulations effective January 2026. The Central Bank of Armenia actively regulates financial organizations and maintains financial stability, supporting a legal crypto environment.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | europe |
| Currency | AMD |
| Adoption Rank | #39 |
| VAT on Crypto | No |
| Required | Yes |
| Regulator | CBA |
| Framework | Law on Crypto-Assets (HO-159-N) |
| Ease | medium |
Licensing is required under the Law on Crypto-Assets with implementing regulations effective from January 2026.
CBA has issued consumer advisories about crypto risks. No formal enforcement actions against crypto operators.
| Status | Research |
| Name | Armenia CBDC |
| Issuing Authority | Central Bank of Armenia |
| Model | retail |
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: Legal
DeFi activities are legal and fall under the general crypto regulatory framework established by the Law on Crypto-Assets.
Status: regulated
Stablecoins are regulated under the Law on Crypto-Assets with specific provisions for their issuance and use.
Status: no_rules
No specific NFT regulation
| Legal | Yes |
| Electricity Cost | $0.07/kWh |
| Renewable Energy | 30% |
| Infrastructure | fair |
Mining is legal with moderate electricity costs and 30% renewable energy share. Infrastructure is fair, with continental climate affecting cooling costs.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 49/100 |
| Banking Access | moderate |
| Sanctions Program Active | No |
Risk Factors
Armenia has moderate political stability with some regional geopolitical risks. It is not under international sanctions. Corruption index is moderate, and banking access for crypto companies is moderate.
Armenia has a clear legal framework for crypto-assets established by the Law on Crypto-Assets (HO-159-N) effective July 2025, with implementing regulations effective January 2026. The Central Bank of Armenia actively regulates financial organizations and maintains financial stability, supporting a legal crypto environment.
Armenia is classified by FATF as: compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-09-05 · Data source: Soken Crypto Legal Map
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