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Armenia Extends Crypto Cash Transaction Licenses to July 2026

Armenia plans to prolong cash cryptocurrency transaction licenses for one year, maintaining transaction caps, KYC rules, and central bank compliance oversight.

Summary

Armenia will extend the licensing period for cash cryptocurrency transactions by one year, pending parliamentary approval. The extension would allow licensed companies to operate with limits of AMD 300,000 per transaction until July 2026, subject to mandatory know-your-customer (KYC) procedures and transaction record-keeping. The Central Bank of Armenia will continue to have the authority to conduct compliance checks on such activities.

Terms & Concepts
  • Crypto Asset Law: Legislation regulating the use, licensing, and compliance requirements for cryptocurrency transactions in a specific jurisdiction.
  • Central Bank of Armenia: The primary monetary authority of Armenia responsible for regulating financial activities, including compliance checks on licensed crypto transactions.
  • Know-Your-Customer (KYC): A regulatory requirement mandating verification of customers’ identities to prevent illicit activity and ensure compliance with financial laws.