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Bank of Armenia Governor Advocates Pragmatic Cryptocurrency Regulation
Bank of Armenia Governor Advocates Pragmatic Cryptocurrency Regulation
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BTCCSquare news:
Central Bank of Armenia Governor Martin Galstyan urged lawmakers to adopt a balanced approach to cryptocurrency regulation during a parliamentary address. While acknowledging crypto's risks—including potential use in illicit finance—he emphasized the need for pragmatic policies that don't stifle innovation.
"We must avoid both excessive Optimism and pessimism," Galstyan stated, drawing clear distinctions between crypto assets, AI, and other emerging technologies. His remarks highlight the delicate balance regulators face in post-Soviet economies seeking to harness blockchain's potential while mitigating financial stability concerns.
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