Armenia vs Bosnia and Herzegovina
Crypto regulation comparison
Armenia
Bosnia and Herzegovina
Legal
Partially Regulated
Armenia adopted a comprehensive Law on Crypto Assets in May 2025, effective July 2025, modeled on the EU's MiCA. The Central Bank of Armenia licenses crypto service providers. Non-entrepreneur crypto gains are tax-free (0%); ECOS Free Economic Zone offers incentives for blockchain startups. Licensing enforcement begins January 2026.
Bosnia and Herzegovina has no comprehensive crypto legislation. The Central Bank warns crypto is not legal tender and banks cannot convert crypto to BAM. Crypto trading is legal. A 2024 AML law designates VASPs as obligated entities. Republika Srpska gave crypto legal status as digital records of value in 2022. Corporate tax on crypto is 10%.
Tax Type
Capital gains
Tax Type
Income
Tax Rate
0% (non-entrepreneur) / 10-20% (business)
Tax Rate
10%
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Central Bank of Armenia
Regulator
Central Bank of Bosnia and Herzegovina
Stablecoin Rules
No specific stablecoin regulation
Stablecoin Rules
No specific stablecoin regulation; 2024 AML law covers VASPs
Key Points
- Law on Crypto Assets adopted May 2025, effective July 2025
- Central Bank of Armenia licenses all crypto service providers
- 0% capital gains tax for non-entrepreneur crypto transactions
- Framework modeled on EU MiCA regulation
- Licensing enforcement begins January 31, 2026
Key Points
- No comprehensive crypto legislation at state level
- Central Bank warns crypto is not legal tender; banks cannot convert to BAM
- 2024 AML/CFT law designates VASPs as obligated entities with KYC requirements
- Republika Srpska gave crypto legal status as digital records in 2022
- 10% corporate tax on crypto profits; exchange services VAT exempt