Cryptocurrency activities are legal in Armenia with no specific crypto legislation; general financial laws apply. The Central Bank monitors financial stability and currency circulation but does not impose explicit crypto restrictions.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | europe |
| Currency | AMD |
| Adoption Rank | #39 |
| Capital Gains (Personal) | 0% for non-entrepreneur individuals on standard crypto trading gains (Tax Code Art. 150, as amended by HO-175-N). 10% income tax applies if trading is characterised as entrepreneurial/business activity. 1% tax applies specifically to mining/staking rewards and NFT sales upon alienation (Tax Code Art. 150(9.1)). |
| Capital Gains (Corporate) | 18% corporate tax on crypto gains |
| VAT on Crypto | No |
| Staking Tax | 1% income tax on staking rewards (transaction validation rewards) upon alienation under Tax Code Art. 150(9.1) for individuals. Corporate rate 18%. |
| Airdrop Tax | No specific guidance |
Armenia applies standard income tax rates to crypto gains. The regulatory framework is still developing. Practical tax enforcement on crypto transactions is limited.
| Required | Yes |
| Regulator | CBA |
| Framework | Law on Crypto-Assets (HO-159-N), adopted May 29, 2025, effective July 4, 2025. Implementing regulations (CBA Reg. 7/01–7/05) effective January 31, 2026. |
| Ease | easy |
Armenia does not yet require specific licenses for crypto activities. The CBA is developing a regulatory framework. Crypto businesses operate under general business registration.
CBA has issued consumer advisories about crypto risks. No formal enforcement actions against crypto operators.
Status: Unclear
No specific DeFi regulation
Status: no_rules
No specific stablecoin framework
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 but not highly developed for large-scale mining.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 49/100 |
| Banking Access | moderate |
Risk Factors
Armenia has moderate political stability with some regional geopolitical risks. It is not under international sanctions. Corruption is moderate and banking access for crypto companies is somewhat limited.
Cryptocurrency activities are legal in Armenia with no specific crypto legislation; general financial laws apply. The Central Bank monitors financial stability and currency circulation but does not impose explicit crypto restrictions.
Yes, licensing is required for VASPs.
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Explore IT Services →Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map
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