BAKU, Azerbaijan, June 24. A draft law to regulate virtual assets in Azerbaijan is expected to be submitted by the end of the year, said Fidan Tofidi, head of the Legal Support Department for Payments and Fintech at the Central Bank of Azerbaijan (CBA) Legal Support Division for Financial Markets, Trend reports.
During the FINTEX SUMMIT 2025—Finance and Technologies
Exhibition in Baku—Tofidi pointed out that the governance of
digital assets has emerged as a critical concern within the
financial ecosystem.
Tofidi articulated that digital assets constitute a segment of the
emerging economic paradigm.
“In our capacity as the Central Bank, we acknowledge the dual
functionality of virtual assets as both investment vehicles and
transactional mediums, necessitating a robust framework for their
secure integration into the financial ecosystem.”
A legislative initiative is presently under formulation and is
anticipated to be presented later this fiscal year to create a
governance structure for digital assets," she concluded.
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