Armenia maintains ban on anonymous crypto transactions
Date: 2025-10-03 Author: Gabriel Deangelo Categories: IN WORLD
Armenian Deputy Prime Minister Grigoryan stated in the National Assembly that the government's goal is to prevent anonymous cryptocurrency transactions, not to ban the circulation of digital assets. He stated that without identifying crypto asset owners, the risk of tax evasion increases, as anonymous transfers in Armenia will be impossible to track.
Grigoryan made this statement in response to a question from Arman Yeghoyan, a member of parliament from the Civil Contract party. The parliamentarian noted that some entrepreneurs are concerned about future restrictions, fearing they will complicate their business. He also clarified that he does not own any Bitcoin. The Deputy Prime Minister emphasized that tax authorities must know who owns cryptocurrency, and that traders are required to report their holdings, noting, "No one can be sure whether you or I have Bitcoin."
In February of this year, the Armenian parliament passed a law on cryptoassets, requiring organizations issuing or trading digital currencies to provide information about the owners of these assets to the Central Bank and comply with minimum capital requirements.
Earlier, Central Bank of Armenia Chairman Martin Galstyan emphasized that cryptocurrencies can be used to finance illegal activities. He called on commercial banks to develop risk management skills when working with crypto traders to mitigate potential threats to the financial system.
Thus, the Armenian authorities are focused on regulating the cryptocurrency market through transparency and control over asset owners, rather than a complete ban on digital currencies. The country's legal framework is gradually adapting to modern financial oversight requirements while simultaneously protecting the interests of the state and entrepreneurs.
Taking into account recent laws and initiatives from the Central Bank, cryptoasset regulation in Armenia aims to create a safe and controlled environment for market participants, minimizing the risks of financial abuse.
