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Web3 Armenia’s Call: Protecting Digital Freedom Against Harmful Regulation

Thu Mar 06 2025

Web3 Armenia Foundation urges the Armenian National Assembly to reject the draft law on crypto regulation, warning that it could harm Armenia's digital sovereignty, innovation, and investment prospects. The foundation emphasizes that the law serves the interests of financial institutions, not the country, and could limit citizens' financial freedom.

Armenia’s Crypto Crackdown: A Threat to Innovation and Financial Freedom? 🚨🇦🇲

The Armenian government has approved a draft law regulating the cryptocurrency market, triggering backlash from the country’s Web3 community. Web3 Armenia Foundation, a blockchain-focused non-profit, is urging lawmakers to reject the proposal, arguing that it threatens digital sovereignty, financial freedom, and blockchain innovation.

What’s in the Law? ⚖️🏦

Proposed by the Central Bank of Armenia, the law introduces stricter rules on crypto transactions and blockchain businesses. Critics argue that these regulations primarily serve big banks, rather than the people.

Why Are Crypto Advocates Worried? 🚨💰

Loss of Digital Sovereignty 🏴‍☠️
- The law could limit Armenia’s control over its own digital economy, pushing it toward external financial influence.
Banking Monopoly 🏦🔒
- Crypto gives people an alternative to traditional banking—this law could force them back into centralized systems.
Blocked Blockchain Innovation 🚀❌
- Armenia has potential to be a blockchain hub, but this law could stifle startups and push talent abroad.
Loss of Investment 📉💸
- Restrictive policies scare off investors—if this law passes, capital and crypto entrepreneurs may flee.

Web3 Armenia’s Response 🛑🗳️

The organization is calling on the National Assembly to reject the bill, arguing that it prioritizes corporate interests over the people. They’ve even offered free consultations to lawmakers willing to discuss a more balanced approach.

“The Central Bank serves the interests of other organizations, not the Republic of Armenia.” – Web3 Armenia Foundation

TL;DR: Is Armenia About to Kill Its Crypto Future? 💀🔗

The Central Bank wants stricter crypto laws, sparking pushback from Web3 Armenia.
Critics say it limits financial freedom and hands power to banks.
The law could stifle blockchain innovation and scare off investors.
Web3 Armenia urges lawmakers to reject it and protect Armenia’s digital future.

Will Armenia embrace crypto, or regulate it into irrelevance? ⏳💰