  Draft law regulating cryptocurrency mining proposed for Armenia February 3, 2018 - 15:09 AMT PanARMENIAN.Net - Opposition lawmaker from Yelq bloc of the Armenian National Assembly Edmon Marukyan has unveiled a draft law about digital technologies which seeks to regulate cryptocurrency mining in the country. Under the new law, individuals - both physical and legal entities - above the age of 18 will be eligible to start cryptocurrency mining. No license or preliminary authorization will be required for mining in Armenia, the proposal says. Also, according to the draft document, the process is not taxable before the law comes into force, as well as by December 31, 2023 after it takes effect. Furthermore, tax, customs or other privileges can be established by law on condition that equal economic competition is not disrupted for those engaged in digital currency mining. Prime minister Karen Karapetyan said at the international forum Digital Agenda in the Era of Globalization in Almaty, Kazakhstan on Friday, February 2 that the sector of information technologies in Armenia has been growing by 25% per annum in the past several years. Although the results of 2017 have yet to be summarized, the PM said the country is expected to see a 28-30% growth in the IT industry in 2017.   Top stories Armenia's international reserves amounted to $3.5 billion, according to a report from the country's Central Bank. Trade between Armenian and Iranian increased by 43.5% in the first 10 months of 2022, rising from $390 million to around $560 million. There’s a growing demand for Armenian sprits in Russia amid Western sanctions on the supply of alcohol to the country. Vahan Kerobyan said Armenia will most probably introduce a ban on the sale of Turkish products as well.   Partner news |  Related sections Latest news Team launches Speak Up platform to promote transparent practices  Team Telecom Armenia has launched the Speak Up platform, the company says in a statement.Ucom offers a new uDrift 3500 mobile internet tariff In order to join and activate the tariff plan, one should visit one of the Ucom sales and service centers.Armenian serviceman who went missing in fog has been found The serviceman who went missing in the border areas of the southern province of Syunik has been found, the Defense Ministry said on March 2.Azerbaijan again cuts Karabakh gas supply Azerbaijan has again blocked the only pipeline delivering gas from Armenia to Nagorno Karabakh (Artsakh), Artsakhgas reports. |
