ArmInfo. Regulations 7/01, 7/02, 7/04, and 7/05, governing the activities of companies providing services using cryptoassets in Armenia, will come into force on January 31, 2026. This was noted in a statement by the Central Bank of the Republic of Armenia.
Specifically, the first set of regulations is as follows:
1. Regulation 7/01 governs licensing (permission) and the acquisition of majority stakes;
2. Regulation 7/02 establishes minimum requirements for total capital;
3. Regulation 7/05 governs the registration of managers;
4. Regulation 7/04 governs the format and content of the cryptoasset offering document. The Central Bank's announcement clarifies that legal entities may provide crypto-related services in Armenia only if registered and licensed by the Central Bank. Licensing requires, at a minimum, the legal entity's registration with the Central Bank, compliance with certain capital requirements depending on the type of service, the existence of internal regulations, and a manager registration procedure.
Legal entities and sole proprietors providing cryptoasset-related services in Armenia on the effective date of the Law "On Cryptoassets" (July 4, 2025) must be registered and licensed by the Central Bank as cryptoasset service providers within one year of the effective date of the aforementioned regulations (January 31, 2026). Otherwise, they must cease providing or offering such services. This approach also applies to legal entities reorganized after the effective date of the Law "On Cryptoassets," only by changing their legal form.
In addition, as the Central Bank explains, issuers or underwriters that sold crypto-assets as part of a public offering in Armenia prior to the entry into force of Regulation 7/04 are required to publish and submit this document to the Central Bank within three months from the date of entry into force of Regulation 7/04 (31.01.2026), but no later than the last day of the third month (if these crypto-assets are still in circulation and the legislation does not provide for exceptions from the requirement to publish the document on the offer of such assets).
As a reminder, the Law of the Republic of Armenia "On Cryptoassets" entered into force on July 4, 2025. This law establishes general rules for the offer, purchase, and sale of cryptoassets, the provision of services, and market oversight. This regulation, while maintaining a balance between promoting innovation and effective risk management, brings clarity to the legal framework, creating the opportunity for businesses to operate in a more predictable and secure environment. The law also provides regulatory mechanisms to ensure that only reliable and transparent companies can enter the market, which is essential for protecting the rights of cryptoasset buyers and increasing public confidence in this market. Furthermore, the regulation is based on the principle of "same activity, same risk, same regulation," according to which cryptoassets- related activities, similar in nature to any traditional financial activity and associated with similar risks, must be properly regulated. In fact, as planned, six months after the Law's entry into force, the Board of the Central Bank of the Republic of Armenia prepared for implementation the main bylaws regulating the requirements stipulated in it.
Furthermore, as the Central Bank explains, issuers or underwriters who sold cryptoassets through a public offering in Armenia prior to the entry into force of Regulation 7/04 are required to publish and submit this document to the Central Bank within three months of the effective date of Regulation 7/04 (January 31, 2026), but no later than the last day of the third month (if these cryptoassets are still in circulation and the law does not provide for exceptions to the requirement to publish the offering document).
