$ETH Albania is one of the few countries in the European space that is actively working on the process of legalizing cryptocurrencies and their gradual introduction into common capital markets. In this regard, Albania has adopted special laws that detail the legal status of virtual assets, the rules for their circulation, as well as related legislation concerning the prevention of money laundering and the financing of terrorism (hereinafter – AML) in the field of virtual asset circulation.

On September 1, 2020, the Law on "Financial Markets Based on Distributed Ledger Technology" (hereinafter – the Law) came into effect in Albania, which regulates legal relations in the field of cryptocurrency circulation.

The Albanian legislator has defined that its goal is to regulate the issuance of digital tokens/virtual currencies, licensing, monitoring, and supervision of organizations engaged in the dissemination, trading, and storage of digital tokens/virtual currencies, as well as agents of digital tokens, providers of innovative services, and automated collective investment measures$ETH