Legal Crypto In Armenia

Summary of the Cryptocurrency Status in Armenia

Legality of Cryptocurrency

Cryptocurrencies are legal in Armenia and there are no laws that specifically ban their use by natural or legal persons. In October 2024 revisions to the Civil Code enshrined the definition of “crypto assets” in law. On February 27, 2025, Armenia put in place a broad cryptoasset law over issuers and traders, with the imposition of ownership identification, minimum capital and compliance with the AML rules. The Initial Coin Offering (ICO) procedures were made simpler to mitigate the risks of manipulation. A4 Crypto mining is legal and does not require any type of license or permissions. It is legal to gamble with cryptocurrency but there are no regulations on it which means users should choose a trustworthy site.

Regulation of Cryptocurrency Market Architecture

Part of the regulatory structure consists of the changes in the Civil Code from October 2024 that recognize certain crypto-Meda assets as well as the cryptoasset law of February 2025 that includes AML duties, liquidity requirements, and beneficial ownership rules for crypto businesses and that eases the way for ICOs. Before 2024, the status of cryptocurrencies was not specifically regulated nor outright forbidden. Rumors According to an unknown source from post X (April 2025) potential regulations could be coming to allow banks to provide bitcoin services, but we haven’t got any official confirmation yet.

Regulatory Overview Table

Aspect	Details
Legality	Cryptocurrencies are legal; no bans on transactions.
Key Legislation	Civil Code (2024), Cryptoasset Law (2025).
Mining	Permitted without licenses (Article 4).
Crypto Gambling	Legal but unregulated; caution advised.
AML Compliance	Mandatory for crypto businesses under 2025 law.
ICO Regulation	Simplified procedures to prevent manipulation (2025 law).
Banking Integration	Proposed rules for banks to offer Bitcoin services (unconfirmed).

Well-known Cryptocurrency Exchanges

Several reputed global exchanges- Binance (which is popular for its diverse cryptocurrencies and security), Kraken (treasured for regulatory compliance and friendly user interface), and Coinbase (well-liked for fiat-to-crypto trading, subject to local banking availability) - are also available in Armenia. P2P platforms like LocalBitcoins and Paxful facilitate ID-free trading, but they are riskier for security. Exchanges also have to abide by the 2025 cryptoasset law, which has anti-money laundering (AML) and ownership disclosure stipulations.

Cryptocurrency Exchange Systems And Methods

Cryptocurrencies can also be purchased from centralised exchanges such as Binance or Coinbase for fiat to crypto or crypto to crypto trading. Trading peer-to-peer allows for direct transactions but it is riskier in terms of fraud. Cryptocurrency ATMs, if found in cities such as Yerevan allow for purchasing with cash or card. Over-the-counter trading is for big, private deals. It is worth to note that rewards and gambling application is legal but is not controlled so user should exercise their own caution.

Valuable Insights for Dealing with Cryptocurrencies

• Best Exchanges on which to buy Bitcoin in Armenia: sign up on Binance, Kraken, or Coinbase if you want fairly stable options that are also in line with Armenia’s legal regulations.
• NOTICE: Safety on P2P — Confirm trade partner legitimacy on platforms like Paxful to avoid scams!
• Compliance: Ensure platforms comply with AML and ownership disclosure norms under the 2025 law.
• Tax-Related: Please check with a tax professional, as cryptocurrency and tax laws can change.
• Safety Measures: Use hardware wallets, as well as two-factor authentication to protect your assets.
• Market Monitor: Be aware of the proposed banking consolidation for much wider access to crypto.

DeFi Market

Armenia’s DeFi scene is not quite developed, and there are no local projects that stand out or any sort of large-scale adoption. On blockchains such as Ethereum, DeFi platforms enable lending, borrowing and trading without intermediaries. The 2025 cryptoasset law could indirectly affect DeFi with regime related to business as a business intermediator but does not specifically concern decentralized protocols. DeFi development is constrained by poor infrastructure, and local blockchain innovation.

NFT Market

There are no major companies or projects in the NFT space on Armenia. At present, NFTs are not regulated by any existing law, and a draft law on the subject has yet to be adopted. It works, and you can access global platforms like OpenSea and Rarible, but domestic NFT activity is nearly nonexistent because of regulatory holes and lack of interest.

Conclusion

The digital currency environment of Armenia has taken a turn with the 2024 Civil Code amendments and the 2025 Cryptoasset Law which have created a legal framework for the recognition of crypto tokens and the enforcing of AML compliance, the disclosure of ownership, and a simplified protocol for all ICOs. While trading, mining, and gambling in cryptocurrencies is legal, the absence of regulation for crypto gambling and NFTs, as well as the limited market development in DeFi and NFTs underscore continuing pain points. The dependence on worldwide exchanges including Binance Kraken and Coinbase as well as P2P services and the possibility to use crypto ATMs (if any exist) is testament to the flexibility of the punters. Unverified reports of proposed banking integration may see access expand. In the meantime, however, maintain compliance and security in your 2025 initiatives, leveraging hardware wallets and two-factor authentication as necessary, and enlist tax professionals to effectively move through this fluid environment. Additional regulatory certainty in the future could help strengthen the cryptocurrency landscape in Armenia, encouraging new developments while ensuring strong oversight.