Cash Operations with Cryptoassets
By virtue of amendments to the Laws "On Cryptoassets and "On Non Cash Operations", which entered into force on January 1st, 2026, companies which had been involved in provision of cryptoassets services prior to the inception of the dedicated regulatory regime, notified the Central Bank in due course until January 31, 2026 (please see the list of those companies here), have the right to accept or process payments for sales of cryptoassets in cash, if
the amount of the transaction does not exceed AMD 300,000;
rigorous Know Your Customer (KYC) procedures (including customer identification and verification of identity on the basis of reliable and valid documents and other information issued by a competent state authority, which must include at least the person’s first name, last name, citizenship, registered address (if any), year, month and date of birth, the series and number of the identity document, its date of issuance) are implemented and records thereof properly maintained;
and
Please note that this framework will be effective for a sunset period of 2 years (until January 1st, 2028). If the Central Bank issues dedicated cryptoassets services licenses (including to the companies which are now benefitting from this notification regime) or permissions (in case of investment or payment companies) until then (please see our publications on the key aspects of the licensing/permission regime here and here), the provision will apply to such institutions as well until the end of the sunset period.
For more information: http://www.parliament.am/legislation.php?sel=show&ID=10126&lang=arm.
Self-Restriction tools for financial services to be Introduced
Starting July 1, 2026, a system for the self-blocking of financial transactions will be implemented in Armenia. Consumers will have the opportunity to restrict online loan approvals, withdrawals from deposits, and other transactions with a single touch via mobile apps or websites. These set restrictions can only be lifted after mandatory personal identification and enhanced identity verification.
Financial organizations are required to establish the necessary conditions to allow consumers to independently apply these "stop" tools through software applications, in-person visits to the organization’s place of business, or via phone calls before the mentioned date.
The goal of this initiative is to enhance financial security by enabling consumers to independently block online transactions and prevent potential fraud.
More details are stipulated in "Minimum requirements for the introduction of financial services self-restriction tools by the consumer" Regulation 8/09 of CBA, which will become effective as of July 1, 2026.
Labeling of content created with artificial intelligence (AI) becomes mandatory
On April 28, 2026, amendments to the RA Law "On Audiovisual Media" entered into force, establishing a requirement for mandatory labeling of content created with AI or modified using digital technologies.
The amendments introduce the following key changes.
- Audiovisual, audio, or other information material or image that is fully or partially created or altered using generative AI, machine learning, or other digital technologies, and which may mislead audiences about its origin, authenticity or the words, image, actions, or appearances of the person depicted therein is considered synthetic content.
- Depending on the technology used, audiovisual media service providers are required to mark synthetic content with the words “Created by AI” or “Digitally processed” in a defined format: in audiovisual content throughout the entire video and in the description field, in audio content at the beginning and end, and in the case of images, directly on it and in its description.
Finally, failure to comply with the labeling requirements may result in a fine of AMD 300,000.
Armenia Launches Electronic Bankruptcy System
Starting April 27, 2026, all procedural documents in new bankruptcy cases must be filed exclusively through the e-bankruptcy.am platform. An exception is provided for state secret information, which may be filed only in physical form.
The requirement applies to:
- legal entities,
- individual entrepreneurs,
- state and local self-government authorities,
- attorneys,
- bankruptcy managers,
- notaries,
- mediators,
- individuals already using the system.
Creditors’ meetings may also be held electronically if all participants are registered users of the system.
In addition, court decisions and publicly available information on cases filed with the Bankruptcy court after April 27, 2026 will be published on the e-bankruptcy.am platform.