Regulation of cryptocurrencies and economic relevance of crypto mining – Presentation at the American University of Armenia

On December 2, upon the invitation of Berlin Economics, Jens Münzer from the Federal Financial Supervisory Authority (BaFin) gave a talk on the regulation of cryptocurrencies at the American University of Armenia, exemplified by German legislation. The Armenian government wants to boost the IT sector and has opened a free economic zone with a centre for crypto mining. There are initiatives in Armenia to regulate cryptocurrencies only lightly, which would entail significant risks for the banking sector and the country’s reputation. Against this background, regulation of cryptocurrencies is of particular significance in Armenia.

Afterwards, Dr Giucci presented a policy study on the economic relevance of crypto-mining using the example of Georgia. In 2018, GET Georgia had conducted the first analysis that deals with the topic in a detailed manner.

» Related event in Georgia

» Link to the study (PDF)