Armenia now runs a real, live licensing regime — not a draft. The Law on Crypto-assets (HO-159-N) was adopted on 29 May 2025 and has been in force since 4 July 2025; the Central Bank of Armenia (CBA) regulates both the public offering of crypto-assets and services involving them; and the first regulatory package was published on 21 January 2026, in force from 31 January. This is a new-entrant page: the regime works, the regulator is actively communicating, and the question is not whether it exists but how to enter it correctly.
The date that concerns every operator already in this market: 31 January 2027. In the CBA's reminder of 14 September 2026, entities that were already providing crypto services as of 4 July 2025 must be registered and licensed by that date — or cease their activity. That is the banner of this page: the window is open, but it is not open-ended.
The Law and the Regulator: HO-159-N and the CBA Package
Law HO-159-N governs the crypto-asset — cryptographically-based property existing only electronically via distributed ledger or similar technology — and its market; it was amended by HO-515-N of 17 December 2025. The first regulation package — CBA Board decisions and regulations on licensing, managers, offer documents and capital (including Decision No 228-N / Regulation 7/02) — was published on 21 January 2026 and entered into force on 31 January of the same year. On its own pages the CBA states it plainly: it regulates and supervises the public offering of crypto-assets and the provision of services involving them.