Azerbaijan may adopt a new law regulating virtual assets and
cryptocurrency markets by the end of this year, marking a major
step toward establishing a legal framework for the country’s
digital finance sector, AzerNEWS reports.

Speaking at the event titled “Azerbaijan’s Digital Finance
Agenda,” Fidan Tofidi, Director of the Financial Technologies and
Innovations Department at the Central Bank of Azerbaijan (CBA),
said the regulator has finalised the draft law on virtual assets
and crypto markets and submitted it to the relevant state
authorities for consideration.

According to Tofidi, the proposed legislation represents…