On 22 August 2026, the State Revenue Committee conducted an internal briefing for its staff on the legal regulation and risk management of crypto‑assets and blockchain technologies. Led by SRC Chairman Eduard Hakobyan, the session covered the evolving nature of digital assets, existing gaps in Armenian legislation, and the tax implications of transactions involving cryptocurrencies, token offerings, and decentralised finance platforms. Participants discussed international best practices, potential avenues for regulatory clarification, and the need for specialised audit techniques to address anonymity and cross‑border transaction challenges.
Key Takeaways
- Recognition of Emerging Tax Risks: The briefing highlighted that the rapid growth of crypto‑asset markets poses significant risks for tax evasion, underreporting of capital gains, and misuse of anonymous wallets. The SRC acknowledged that current tax provisions do not fully address concepts such as staking rewards, airdrops, or decentralised‑exchange swaps, creating uncertainty for both taxpayers and administrators.
- Need for Legislative Clarity: Participants stressed that clear statutory definitions of virtual assets, along with specific rules for valuation, timing of recognition, and reporting thresholds, are essential to ensure consistent tax treatment. Aligning with OECD and FATF guidance on crypto‑assets was cited as a prudent step toward international compatibility.
- Enhanced Audit Capacity Planned: The SRC outlined plans to develop specialised training modules for auditors, focusing on blockchain analytics, transaction tracing, and the use of third‑party data providers. Investment in technological tools and inter‑agency cooperation with the financial‑intelligence unit is envisaged to strengthen detection of non‑compliant crypto‑related activities.
Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and academic exchange purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. For tax planning, please consult a qualified professional tax advisor or legal counsel.
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