Albania Approves Europe’s Most Comprehensive Crypto Law Yet

On May 21, Albania’s Parliament enacted a significant law establishing a regulatory framework for cryptocurrencies during a plenary session.

The legislation, titled “On Financial Markets Based on the Technology of Distributed Ledgers,” was first introduced to the Committee of Economy in October 2019. It was successfully passed with a vote tally of 88 in favor, 16 opposed, and 3 members abstaining.

This law marks a pivotal development in Albania’s approach to the cryptocurrency sector.