Prime Minister Pashinyan chairs consultation on crypto-asset regulation draft law

Prime Minister Nikol Pashinyan chaired a consultation during which the draft law aimed at regulating the crypto-asset sector was discussed.

According to the Prime Minister's office, the main provisions of the draft law, its advantages, sector risks, regulatory principles, and types of regulated services were reviewed. It was noted that the primary goal of the draft law is to address potential risks in the sector without curbing innovation.

According to the source, the draft was developed with consideration of international experience, particularly that of the European Union. The consultation participants emphasized the importance of disclosing necessary information when crypto-assets are sold, and that providing services will require "access authorization."

Prime Minister Pashinyan stressed the importance of regulating the sector and instructed that the draft law be finalized following further discussions and submitted for Government approval. He also emphasized that the law will be continuously reviewed as needed.