Armenia Delays Licensing Rollout, Extends Transition for Cash Crypto Trades
Armenia’s parliament approved targeted amendments to the recently adopted cryptocurrency law, giving businesses more time to adapt to forthcoming rules. The changes delay the introduction of a licensing regime for digital asset service providers and extend the transition period before cash-based crypto transactions are phased out, easing immediate compliance burdens for exchanges, brokers, and payment services.
The move matters because it reduces short-term disruption for local operators and users who rely on cash and informal trading channels while preserving the government’s broader regulatory objectives. Firms can use the added runway to align systems and documentation with eventual licensing requirements; regulators will likely use the extra time to clarify technical standards and enforcement timelines. Market participants and international observers will watch implementation details next, which will shape investor confidence and the pace of crypto market formalization in Armenia.