---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "moneyval", "legal"]
aliases: ["AM", "ARM", "Հայաստան"]
created: 2026-04-13
updated: 2025-10-01
compile_into: ["[[country--armenia]]"]
sources:
  - name: "Central Bank of Armenia"
    url: "https://www.cba.am"
    type: "official"
---

# 🇦🇲 [[country--armenia|Armenia]] (AM) — Crypto Regulation

> 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.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 45/100 (Moderate Risk) |
| Enforcement Level | Low |
| Region | [[domain--europe|europe]] |
| Currency | [[entity--amd|AMD]] |
| Adoption Rank | #39 |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | 20% personal income tax on crypto gains |
| Capital Gains (Corporate) | 18% corporate tax on crypto gains |
| VAT on Crypto | No |
| Mining Tax | Taxed as business income at applicable rates |
| Staking Tax | Taxed as income at applicable rates |
| 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.

## Licensing

| Field | Value |
|-------|-------|
| Required | No |
| Regulator | [[entity--cba|CBA]] |
| Framework | No specific crypto legislation; general financial laws apply |
| Ease | easy |
| Cost | N/A |
| Timeline | N/A months |

Armenia does not yet require specific licenses for crypto activities. The CBA is developing a regulatory framework. Crypto businesses operate under general business registration.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | partially_compliant |

## DeFi

**Status:** Unclear

No specific DeFi regulation

## Stablecoins

**Status:** no_rules

No specific stablecoin framework

## NFTs

**Status:** no_rules

No specific NFT regulation

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.07/kWh |
| Renewable Energy | 30% |
| Climate | continental |
| 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.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 49/100 |
| Ease of Business | moderate |
| Internet Freedom | partly_free |
| Banking Access | moderate |

## Enforcement

CBA has issued consumer advisories about crypto risks. No formal enforcement actions against crypto operators.

## CBDC Status: unknown

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [Central Bank of Armenia](https://www.cba.am)