Azerbaijan is working on an educational and informational regulatory document aimed at establishing a comprehensive framework for the regulation of cryptocurrencies and all types of virtual assets.
According to Report, this was announced by Edgar Abdullayev, Chairman of the Board of the Azerbaijan Fintech Association (AzFina).
Abdullayev said that an initial regulatory approach to stablecoins has already been сформed, along with a roadmap outlining the next stages of work in this area.
“At this stage, there is a basic plan to develop a foundational regulatory document that will cover stablecoins and other virtual assets. The process is expected to be implemented in phases,” he said.
According to Abdullayev, Azerbaijan is also considering the future emergence of a stablecoin regulated by the Central Bank, once the legal and regulatory framework is in place.
“In the longer term, we expect the market to see a stablecoin operating under Central Bank regulation,” he added.
The initiative is part of broader efforts to introduce clear rules for the virtual asset market, enhance financial transparency, and reduce regulatory uncertainty in the fintech sector.
