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Albania mulls cryptocurrency regulation in bid to become regional hub

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8 years ago
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TIRANA, Oct. 22 – The Albanian government says it is mulling a regulatory framework on cryptocurrencies in a bid to diversify investment opportunities in the country in an innovative sector that creates well-paid jobs and apparently become a hub for such investment in a Western Balkan region that still remains skeptical to digital currency. Prime Minister Edi Rama says cryptocurrency, also known as virtual or digital money, can create a lot of opportunities even in a developing economy such as Albania which he says can become a hub for potential investors targeting to get involved in this revolution of global…

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Story Highlights

  • "For the moment, we are assessing and working on the drafting of a regulatory framework after having conducted a thorough analysis and study. If the results are satisfactory, then we will promote even outside Albania, the country's willingness to become a hub for numerous potential investors that target getting involved in this revolution of global finances,” says Prime Minister Edi Rama

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