TIRANA, June 24 Albania is considering a move to tax gains on cryptocurrency transactions and mining starting January 2023. The latest tax bill on income, which is now available for public consultation, plans the taxation of cryptocurrency. The bill also provides an official definition of the ‘virtual asset’ and mining concepts. Even though a law...
Last summer, the Albanian government effectively opened its doors to more regular cryptocurrency activity than we’ve seen in the past. The passing of the Albania “Crypto Law” by the Parliament “defined a legal framework for cryptocurrencies” and turned the country into one of a growing number that more or less support the spread of...
TIRANA, July 21 The Albanian law on blockchain and digital currencies will come into effect on 1 September. The law ‘On financial markets based on distributed ledger technology’ was published on the Official Gazette on Tuesday, issue No. 136. The publication of the law follows a parliamentary decision that annuls a previous decree by the...
TIRANA, June 26 The Albanian President Office issued a decree on Thursday that revoked the law ‘On financial markets based on distributed ledger technology’ calling it a premature process. The decree pointed out that the law would increase the risks that cryptocurrency transactions in Albania could be misused for illegal activities such as money laundering,...
