LSA Law Firm Has Analyzed the Draft of the RA Law on ‘Cryptoassets’ and Presented Proposals for Amendments

Thanks to a well-chosen defense strategy and the objective approach shown by the investigator of the RA Investigative Committee and the supervising prosecutor, the charges brought against the defendants under Article 319(1), Article 257(3)(1,3), Article 285(2)(1,3), and Article 296(3)(1,3) of the RA Criminal Code (participation in a criminal organization, large-scale computer fraud by a criminal organization, aiding the unlawful activity of companies considered legal entities under the instruction of a criminal organization leader, and large-scale money laundering by a criminal organization) were modified in their favor at the final stage of the pre-trial investigation — with the charges under Article 285(2)(1,3) and Article 296(3)(1,3) being dropped.

On March 1, 2025, the First Instance Court of General Jurisdiction of Yerevan City applied detention as a preventive measure against our client E.N., who was accused of committing a serious crime (drug trafficking under aggravating circumstances), for a period of 2 months. On April 10, 2025, the Criminal Court of Appeals of the Republic of Armenia upheld the special appeal submitted by attorney Edgar Ayvazyan and released our client from detention, applying house arrest and a travel ban as preventive measures instead.