📣 The Government of Armenia has approved a bill introducing unified rules for cryptocurrency transactions.

⚫ Regulation focuses on the financial side, rather than the technological "stuff".

⚫ Companies issuing crypto assets are required to disclose information about owners and comply with minimum capital requirements.

⚫ ICO procedures will be simpler than for traditional IPOs (issuance of stocks or bonds).

⚫ The use of cryptocurrencies for payments is prohibited, except for electronic money.

Payment for services in cryptocurrencies is allowed only in non-cash form.

ℹ️ Deputy Prime Minister Tigran Khachatryan emphasized that the new rules will allow Armenian banks to officially offer cryptocurrency services. The bill is based on the European MiCA regulation and includes changes to 22 laws and several codes.