{"id":62317,"date":"2022-06-01T13:02:49","date_gmt":"2022-06-01T10:02:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62317"},"modified":"2025-09-05T17:11:19","modified_gmt":"2025-09-05T14:11:19","slug":"armenias-central-bank-urged-to-draw-up-rules-for-the-bitcoin-market","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/armenias-central-bank-urged-to-draw-up-rules-for-the-bitcoin-market\/","title":{"rendered":"Armenia&#8217;s central bank urged to draw up rules for the bitcoin market"},"content":{"rendered":"<p>Armenia&#8217;s Committee on State Revenues has asked the central bank to draft regulation of the cryptocurrency industry. Local media <a href=\\\"http:\/\/www.armbanks.am\/2022\/06\/01\/140130\\\">reported<\/a> this, citing a statement by the head of the agency, Rustam Badasyan.<\/p>\n<p>He said that in the absence of clear rules in the country, shadowy deals with digital assets are on the rise.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;There is already experience of cases where cryptocurrencies were used for both tax evasion and money laundering,&#8221; said Badasyan.<\/p>\n<\/blockquote>\n<p>The official added that a sector-specific law would enable investigations into crimes linked to the circulation of cryptocurrency, since such cases have yet to progress.<\/p>\n<p>Earlier, the executive director of the Armenian Banks&#8217; Union, Seyran Sargsyan, said that financial institutions in the country do not work with cryptocurrencies and do not service these assets.<\/p>\n<p>He pointed to the need for <a href=\\\"https:\/\/forklog.io\/chleny-eaes-ne-podderzhali-vvedenie-obshhego-podhoda-k-regulirovaniyu-kriptovalyut\/\\\">&#8220;customer identification of those working with electronic currency&#8221;<\/a> and for preventing money laundering through cryptocurrencies.<\/p>\n<p>In March 2021, Armenia&#8217;s representatives in the Eurasian Economic Union, along with other member states, failed to reach a consensus on the need to <a href=\\\"https:\/\/forklog.io\/chleny-eaes-ne-podderzhali-vvedenie-obshhego-podhoda-k-regulirovaniyu-kriptovalyut\/\\\">harmonise<\/a> cryptocurrency regulation across their territories.<\/p>\n<p>In January 2022, it emerged that Armenian authorities planned to locate a <a href=\\\"https:\/\/forklog.io\/v-armenii-data-tsentr-dlya-majninga-razmestyat-v-pomeshheniyah-staroj-tes\/\\\">data centre for mining<\/a> in the premises of the old Razdan Thermal Power Plant.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, rates and analysis.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia&#8217;s Committee on State Revenues has asked the central bank to draft regulations for the cryptocurrency industry.<\/p>\n","protected":false},"author":1,"featured_media":62318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2282,1269,36],"class_list":["post-62317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-armenia","tag-cryptocurrencies","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=62317"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62317\/revisions"}],"predecessor-version":[{"id":62319,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62317\/revisions\/62319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/62318"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=62317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=62317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=62317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}