The Central Bank of the Republic of Armenia has reminded market participants about the deadlines for registering and obtaining licenses for activities involving crypto-assets.
The requirement applies to legal entities and individual entrepreneurs that were providing relevant services when the Law on Crypto-Assets entered into force on July 4, 2025, and that intend to continue offering those services.
According to the regulator's announcement, eligible service providers must complete the required registration process and obtain a license from the Central Bank by January 31, 2027.
After this deadline, providing or offering crypto-asset services without the required registration and license will not be permitted where these requirements apply under Armenian law.
Who Needs to Register and Obtain a License?
The reminder primarily concerns the following market participants:
- Legal entities that were providing crypto-asset services when the law entered into force.
- Individual entrepreneurs who were carrying out such activities on the same date.
- Participants in these categories who intend to continue providing relevant services and fall within the scope of the applicable legal requirements.
It is important to understand that this requirement does not automatically apply to everyone who owns cryptocurrency. Buying, holding, or selling digital assets for personal purposes does not, by itself, mean that an individual must obtain a license as a crypto-asset service provider.
Specific obligations depend on the nature of the activity and the applicable provisions of Armenian law.
What Is the Licensing Deadline?
The deadline highlighted by the Central Bank of Armenia is January 31, 2027.
The regulator encourages interested market participants not to postpone preparations until the final days. Registration and licensing procedures may take time, so starting early can help businesses organize the necessary steps.
Companies and individual entrepreneurs planning to continue their activities should review the applicable requirements, identify the necessary documentation, and clarify the application procedure with the Central Bank.
Why Should Businesses Start Preparing Early?
Preparing for licensing may involve reviewing regulatory requirements, collecting documents, and completing the procedures established by the regulator. Leaving these steps until the last moment could leave businesses with insufficient time to meet the deadline.
Early preparation can help market participants:
- Determine whether the requirements apply to their activities.
- Identify the necessary documents and procedures.
- Plan the timing of their application.
- Reduce the risk of delays during the preparation process.
The exact steps should be determined by reviewing the current legal framework and the Central Bank's official guidance.
What Does This Mean for Armenia's Crypto Market?
The Central Bank's reminder reflects the development of the regulatory framework governing crypto-asset activities in Armenia. For businesses operating in this sector, compliance with applicable requirements is an important consideration when planning their future operations.
Registration and licensing establish the regulatory status of relevant service providers under the applicable framework. As a result, businesses need to monitor official requirements and respond to regulatory obligations in a timely manner.
Cryptocurrency users should also distinguish between professional services provided by businesses and transactions involving digital assets for personal purposes. Requirements imposed on service providers should not automatically be interpreted as a general prohibition on owning cryptocurrency.
Where Can Businesses Find Official Information?
Market participants should consult official publications from the Central Bank of the Republic of Armenia and review the legislation governing crypto-asset activities.
Before submitting an application, businesses should confirm the current requirements, as specific obligations may depend on the type of service provided and the legal status of the service provider.
Conclusion
The Central Bank of Armenia has reminded legal entities and individual entrepreneurs that were providing crypto-asset services when the relevant law entered into force on July 4, 2025, and intend to continue those activities that they must complete the required registration and obtain a license by January 31, 2027.
Eligible market participants are encouraged to begin preparing early, review the requirements applicable to their activities, and avoid leaving the necessary procedures until the last minute.
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