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Central bank warns Albanians not to invest in Bitcoin

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4 mins read
9 years ago
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TIRANA, July 14 – Albania’s central bank has warned potential investors of a series of risks related to investing in digital currency such as Bitcoin, the primary cryptocurrency. The warning comes following concern that some unlicensed operators are luring Albanians to invest in Bitcoin, whose value has soared to about $2,400, from almost zero in 2009 when it was launched. Albania’s central bank says the legal and regulatory framework in place does not envisage carrying out such operations in Albania and investors and users are exposed to several risks. “The Bank of Albania has licensed no financial operator whose activity…

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  • “We appeal to the Albanian public to be mature and responsible in the administration of savings or liquidity they possess. One should orient investments toward financial products and instruments offered by institutions licensed and supervised by the Bank of Albania and the Financial Supervisory Authority,” the central bank says

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