Andersen in Armenia

18/06/2026

🚀 Entering the Armenian Cryptoasset Market: Regulatory Essentials

Armenia has introduced a comprehensive crypto regulatory framework, positioning itself as an emerging and well-structured jurisdiction aligned with EU MiCA principles.

In our latest Client Note we outline the key legal developments shaping the market, including the Law on Cryptoassets, licensing requirements for CASPs, tiered capital rules, and strict supervision by the Central Bank of Armenia.

The framework recognizes cryptoassets as property, introduces licensing for 10 service categories, regulates public offerings and advertising through white paper requirements, and imposes strong compliance and market abuse rules.

📖 Read the full note to explore the regulatory essentials and what they mean for market participants in Armenia.

Armenia has developed a comprehensive regulatory framework for crypto activities, positioning itself as an emerging jurisdiction. The framework is based on amendments to the Civil Code, recognizing cryptoassets as personal property, and the Law of Armenia "On Cryptoassets," effective from 4 July 202...

27/05/2026

📄We are pleased to share our latest legal alert, “Key Armenian Legal Reforms and Regulatory Developments – May 2026.”

The publication highlights recent legislative and regulatory changes across key sectors in Armenia, including corporate, financial, tax, cybersecurity, real estate, and gaming.

Key topics covered include:
• strengthened protections for minority shareholders
• updates in cryptoasset regulation and dividend taxation
• expansion of investment opportunities through developers’ special accounts
• new cybersecurity compliance standards
• proposed reforms impacting investment funds, property registration, and gambling regulation

We invite you to review the full alert attached for a detailed overview.

Should you wish to discuss how these developments may impact your business, our team would be pleased to assist. 🤝

The National Assembly has adopted in the second reading a draft law providing for amendments and additions to the Law on Joint-Stock Companies. According to the author of the draft, the new law significantly expands the mechanisms for protecting minority shareholders and revises the regulation of th...

15/05/2026

📢 “Neobanks and Armenian Law: In Search of Regulatory Gateways for Digital-Only Banking”

Digital-only financial institutions are rapidly transforming the banking industry worldwide. In this client note, we examine how Armenia’s current legal and regulatory framework may accommodate neobank and fintech structures, as well as the practical considerations businesses should take into account when entering the market.

The publication covers:
✔️ global neobank models and regulatory approaches;
✔️ Armenia’s universal banking regime;
✔️ payment institution and banking partnership structures;
✔️ licensing and compliance considerations.

📄 See the full note here 👉 https://am.andersen.com/article/en/neobanks-and-armenian-law-in-search-of-regulatory-gateways-for-digital-only-banking/

For questions related to fintech regulation, payment services, or digital banking initiatives in Armenia, feel free to reach out to our team.

Neobanks, digital-only financial institutions, are reshaping the global banking landscape by offering streamlined, app-based services without the infrastructure of traditional branch networks. This note provides an overview of the neobank model and examines how Armenia’s current legal and regulato...

07/05/2026

🇦🇲 Big news for investors in Armenia.

Parliament has adopted the new Law on Investments by a first hearing - the most significant reform of Armenia's investment legislation since 1994.

What's new?
✅ Equal protection for both domestic and foreign investors
✅ Broader definition of protected investments
✅ Explicit safeguards against direct AND indirect expropriation
✅ National Treatment and Most-Favored-Nation guarantees
✅ Legal framework for investment incentives for the first time
✅ Structured dispute resolution and a 5-year stabilization clause

Andersen Legal is proud to have played a central role in drafting this new framework. Our Managing Partner Varoujan Avedikian and Senior Partner Misak Babajanyan were deeply involved in shaping the law from the ground up.

Whether you're an existing investor in Armenia or considering entry, we're here to help you navigate the new landscape - from structuring investments to negotiating with the government and resolving disputes.

📩 Reach out to learn more.

Armenia's Parliament adopted the new Law on Investments in a first hearing on 16 April 2026, marking the most significant reform of the country's investment legislation since 1994. The Law replaces the narrow, foreign-investor-focused framework with a comprehensive statute that treats domestic and f...

29/04/2026

📢 Armenian Regulatory Alert: Crypto, AI & Financial Security

New legislative changes are impacting crypto, AI, and financial security:
Crypto Cash Payments: Exceptions now allow cash transactions up to AMD 300,000 for crypto assets through licensed providers.
AI Content Labeling: Mandatory labeling is now required for "synthetic content" created or modified by AI to prevent misleading information.
Financial Self-Restriction: By July 1, 2026, consumers can independently block online loans and transactions via "stop" tools to prevent fraud.
Digital Bankruptcy: All procedural documents for new bankruptcy cases must now be filed via the e-bankruptcy.am platform.

These updates introduce new operational flexibilities and rigorous KYC/compliance requirements.

Read the full analysis here: https://am.andersen.com/article/en/post-44/

16/04/2026

Armenia has developed a well-structured and increasingly attractive regulatory framework for Payment Service Organizations (PSOs), creating new opportunities for founders, investors, and international players entering the payments market.

Our latest client note - “Armenia’s PSO Framework: Licensing, Compliance, and the Path to Market” - provides a practical overview of the regulatory landscape, covering licensing options, key requirements, the application process, ongoing compliance obligations, and recent developments in crypto-asset regulation.

Whether you are exploring market entry or strengthening your compliance framework, this note offers clear guidance on navigating Armenia’s evolving payments ecosystem.

Click the link to read the full client note on our website. 👇

Armenia has quietly built a well-structured regulatory framework for payment service organizations (PSOs) over the past two decades. This note provides a practical overview of how that framework works, covering licensing types, key requirements, the application process, ongoing compliance obligatio...