Azerbaijan Mandates Crypto Licensing Amid Global Scrutiny

Azerbaijan is preparing to introduce legislation by the end of 2026 that will require cryptocurrency companies to obtain licenses and comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.

This marks a significant shift for Azerbaijan, which has not previously enforced a comprehensive licensing regime for crypto-related businesses.

Under the new framework, companies operating in the country, including exchanges, wallet providers, and custodians, will be required to register with a designated financial authority and adhere to strict AML and KYC procedures.