Banks must manage risks to make crypto accessible, Bank of Armenia says
Banks should learn to manage the risks and thus make crypto services more accessible, the head of Armenia’s monetary authority has suggested.
Speaking in the country’s parliament, the executive urged the adoption of a pragmatic approach to regulation in order to ensure innovation goes hand-in-hand with financial security.
Governor calls for pragmatism regarding cryptocurrency
Crypto assets pose serious risks, including use in financing shadow activities or illegal operations, the Chairman of the Central Bank of Armenia (CBA), Martin Galstyan, acknowledged at a meeting with members of the National Assembly, the country’s legislature.
Quoted by the ARKA news agency and Sputnik Armenia, Galstyan elaborated that as…
