Azerbaijan: crypto & digital assets regulation

Regulated

Azerbaijan establishes operational and compliance requirements for Virtual Asset Service Providers under Central Bank regulation

Lead regulator:: Central Bank of Azerbaijan
Key law:: Regulation on Transactions with Virtual Assets in the Republic of Azerbaijan, 2023
Last updated:: 2026-07-12

The Central Bank of Azerbaijan (CBA) is the primary regulator for virtual assets, having issued the "Regulation on Transactions with Virtual Assets in the Republic of Azerbaijan" in 2023.

This regulation establishes comprehensive operational and compliance requirements for Virtual Asset Service Providers (VASPs) engaged in digital asset transactions. Key mandates include standardized customer due diligence and precise data transmission.

While not explicitly detailing a licensing regime, the regulation implies that VASPs must adhere to these requirements to operate legally within the jurisdiction.

The 2023 issuance signifies a recent and ongoing effort by the CBA to formalize and regulate the virtual asset sector in Azerbaijan.

Who regulates

Central Bank of Azerbaijan
Issued the regulation establishing operational and compliance requirements for virtual asset service providers.
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Core laws & rules

Regulation on Transactions with Virtual Assets in the Republic of Azerbaijan (2023)
Establishes comprehensive operational and compliance requirements for virtual asset service providers (VASPs) conducting digital asset transactions.
^[1]

Licensing & registration

Virtual Asset Service Provider (VASP)
Virtual Asset Service Providers (VASPs) conducting digital asset transactions are subject to comprehensive operational and compliance requirements, including standardized customer due diligence and precise data transmission.
^[1]

Restrictions & warnings

Mandates standardized customer due diligence (CDD) and precise data transmission for virtual asset service providers.
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Direction of travel

The issuance of the 2023 regulation by the Central Bank of Azerbaijan signifies a recent and ongoing effort to formalize and regulate the operations of virtual asset service providers within the jurisdiction.
^[1]

Sources

Regulation on Transactions with Virtual Assets in the Republic of Azerbaijan · 2023-04-03

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This guide is compiled automatically from 1 primary-source documents published by Azerbaijan's regulators, reviewed by RegAlert, and refreshed monthly (last updated 2026-07-12). It is not legal advice — always confirm requirements with the regulator or local counsel before acting.