Armenia to acquire American software to supervise crypto transactions

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06.06.2024, 14:45

The State Revenue Committee of Armenia will acquire American Chainalysis Reactor software

Armenia to acquire American software to supervise crypto transactions

YEREVAN, June 6. /ARKA/. The State Revenue Committee of Armenia will acquire American Chainalysis Reactor software to supervise crypto transactions, the Armenian government announced on Thursday.

The software in question would allow the authorities to supervise all-crypto transactions and transactions that exchange fiat money for crypto, or vice versa. This will help combat concealment of income and money laundering, the government believes.

A total of 85 million drams will be allocated to acquire the software (roughly $220,000).

#STATE REVENUE COMMITTEE

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