From Cognoscenti By Mark T. Williams December 5, 2013 Bitcoin is not a futuristic currency...
Regulation N16/2 (on circulation of e-money)
(enacted in 2010)
Regulation N16/2, issued by the Central Bank of Armenia, provides procedures on the circulation of e-money and requirements for transactions conducted with e-money.
This circular is in Armenian. An English translation is unavailable.