Armenia will implement a ban on cash-based cryptocurrency purchases starting January 1, 2026, as part of the new Law on Cryptoassets. The legislation, which takes effect in July 2025, aims to enhance fiscal transparency and combat money laundering by mandating that all crypto transactions be cashless and traceable. Deputy Prime Minister Mher Grigoryan highlighted the importance of this move for financial oversight. The Central Bank of Armenia will regulate the new framework, utilizing compliance tools such as Chainalysis to monitor transactions effectively. This initiative reflects Armenia's commitment to aligning with global standards in financial transparency and security.