Albania:

Understanding Cryptocurrency And Distributed Ledger Technology In The Albanian Legal Context


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Bitcoin, blockchain, cryptocurrency burst onto the world stage
in 2008, when the online posting of a pseudonymous white paper
envisioned a new way to transfer value over the internet. In the
decade-plus since, the cryptoasset market has gone through all the
classic phases of a disruptive technology: massive bull markets and
crushing pullbacks, periods of euphoria and moments of despair,
fear, and everything in between. As the crypto market enters its
second decade, it is being increasingly used even in Albania.

Today, Albania is one of the few countries that has a dedicated
a law for regulating cryptocurrency and blockchain technology.
Despite all the excitement, however, few people even understand
what crypto really is or why it might matter. Is it an alternative
currency? A technology? A venture capital investment? A specious
bubble?

To try and reply to these questions and to provide a first
glance of the Albanian legal context, KALO&ASSOCIATES will
publish a set of 5 informatory notes on the recent developments in
the country.

This information can be of use to all potential investors and
other actors in the country. It was prepared by our experts, Mr.
Olsi Çoku who is also the Chairman of the Board of the
Authority in charge of supervising these new activities, the
Albanian Financial Supervisory Authority (AMF), and Mr. Irv Vaso an
ICT lawyer with broad experience with crypto assets and blockchain
technology.

Starting from next week we will publish the first informatory
note “Introduction to the legal framework of financial markets
based on distributed ledger technology in Albania” and every
week after that we will publish the subsequent informatory notes
until you have the full picture of this new market at your
disposal.

The goal of these notes is to provide the inquisitive investor
and the pubic with a clear-eyed guide to crypto and blockchain in
Albania: what they are, what they are not, and where they might go
from here. We want you to walk away confident in your understanding
and armed with information to decide how to best position yourself
for what is ahead.

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

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