🇦🇲

Crypto Regulation in Armenia

Legal

Armenia has no specific crypto legislation but does not prohibit crypto activities. The Central Bank has acknowledged crypto and is developing a regulatory framework. Crypto has gained popularity partly due to Russian expatriates relocating.

Region: EuropeCurrency: AMDAdoption Rank: #39Risk Score: 45/100

Tax Information

Capital Gains (Personal)
20% personal income tax on crypto gains
Capital Gains (Corporate)
18% corporate tax on crypto gains
VAT on Crypto
No
Staking Tax
Taxed as income at applicable rates
Airdrop Tax
No specific guidance
Mining Tax
Taxed as business income at applicable rates
Summary
Armenia applies standard income tax rates to crypto gains. The regulatory framework is still developing. Practical tax enforcement on crypto transactions is limited.

Licensing & Registration

License Required
No
Regulator
CBA (Central Bank of Armenia)
Framework
No specific crypto legislation; general financial laws apply
License Types
--
Estimated Cost (USD)
N/A
Timeline
N/A months
Ease of Licensing
Easy
Notes
Armenia does not yet require specific licenses for crypto activities. The CBA is developing a regulatory framework. Crypto businesses operate under general business registration.

AML / KYC

KYC Required
Yes
Travel Rule
No
FATF Member
No
FATF Status
Partially Compliant
Suspicious Activity Reporting
Yes

Mining

Mining Legal
Yes
Status
Legal
Electricity Cost ($/kWh)
$0.07
Renewable Energy
30%
Climate
Temperate
Infrastructure
Good
Tax on Mining Income
18% corporate tax on crypto gains
Notes
Competitive electricity prices. Mining operations are economically viable.

Soken Services

Legal Opinion
Available | $3,000 - $12,000 | 10 days
Banking
Difficulty: Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SEPA, SWIFT, SEPA Instant
Card Payments
Visa, Mastercard
Company Registration
$8,000 | 30 days | Limited Liability Company (LLC)

Sources

Central Bank of Armenia
Reviewed: 2026-02-15likely

Frequently Asked Questions

Is crypto legal in Armenia?
Cryptocurrency is currently classified as "Legal" in Armenia. Armenia has no specific crypto legislation but does not prohibit crypto activities. The Central Bank has acknowledged crypto and is developing a regulatory framework. Crypto has gained popularity partly due to Russian expatriates relocating.
What is the crypto tax rate in Armenia?
In Armenia, the personal capital gains tax on crypto is 20% personal income tax on crypto gains, and the corporate tax rate is 18% corporate tax on crypto gains. Armenia applies standard income tax rates to crypto gains. The regulatory framework is still developing. Practical tax enforcement on crypto transactions is limited.
Do I need a crypto license in Armenia?
No, Armenia does not currently require a specific crypto license, though other financial regulations may apply.
Is crypto mining legal in Armenia?
Yes, crypto mining is legal in Armenia. Electricity costs approximately $0.07/kWh. Mining income is taxed at: 18% corporate tax on crypto gains. Competitive electricity prices. Mining operations are economically viable.
What are the AML/KYC requirements for crypto in Armenia?
Yes, crypto businesses in Armenia must comply with KYC (Know Your Customer) requirements. FATF compliance status: partially_compliant.