Armenia's Central Bank May Develop a Regulatory Framework for Crypto
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June 1, 2022

The State Revenue Committee of Armenia has submitted to the country's central bank a request to develop a regulatory framework to regulate the cryptocurrency sector, a local publication has reported citing the statements by the head of the department, Rustam Badasyan.

According to him, the number of shady transactions with digital assets is growing due to the lack of clear regulation.

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He has added:

"There is already experience of both tax evasion and money laundering using cryptocurrencies."

Rustam has also said that a cryptocurrency legislation would make it possible to investigate crimes related to the circulation of cryptocurrencies.

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