Armenian authorities have announced an extension of a temporary exemption for cash transactions involving cryptocurrencies, now valid until July 2026. This decision aims to provide businesses with additional time to comply with upcoming regulatory changes, as The source reports that the regulatory framework is still being developed.
Government Approves Amendments to Crypto Assets Law
The government recently approved amendments to the law on Crypto Assets, which will soon be presented to parliament for further discussion. Originally, a ban on cash transactions was scheduled to take effect immediately after the legislation's enforcement on July 4, 2025. However, officials recognized the need for a transitional period to facilitate the adaptation of companies to the new regulations.
Transitional Period for Crypto Businesses
During this extended period, crypto businesses will be allowed to process cash orders, although individual transactions will be limited to a maximum of 300,000 Armenian drams. The Central Bank of Armenia has been tasked with monitoring compliance throughout this interim phase, ensuring that businesses adhere to the established guidelines as they transition to the new regulatory framework.
In light of recent developments in Armenia regarding cryptocurrency regulations, a survey by Sber Analytics reveals a strong demand among Russians for secure and legal crypto wallets. For more details, see more.
