July 24th , 2020
On July 21st, 2020 Albania has published the law no. 66/2020, dated 21.05.2020 “On Financial Market Based on the Technology of Distributed Ledgers” to regulate the conditions for licensing all crypto activities in the country.
This law is expected to enter in force on September 1st, 2020 while other regulations are expected to be approved within the next 6 months. Beyond digital tokens, the law looks to monitor all infrastructures where DLT technology operates.
This law aims to regulate the conditions for licensing, exercising the activity of operators and stock exchanges and supervising them, as well as preventing abusive practices in the market, where severe fines are stipulated for anyone who violates the provisions of the law.
For further information about our services or to discuss a particular matter in more detail, please contact us on firstname.lastname@example.org; www.cenameri.com
CLO Legal Solutions
[t]: + 355 42 22 0022
[t]: + 355 67 60 00020
[t]: + 355 69 40 85 520
“Bajram Curri” Boulevard,
Building n. 110
5th Floor, 1022