22 May Albanian Parliament Signs New Crypto Law: A Bid to Become Blockchain Hub?
On May 21st, the Albanian parliament signed a new bill into law to implement a legal framework for cryptocurrencies, which CoinTelegraph described as “Europe’s most comprehensive crypto law yet.”
The legislation seeks to regulate conditions for licensing all cryptocurrency-related activities that take place on an infrastructural level in the country, and was passed with a heavy majority: 88 votes in favor, 16 votes against, and 3 abstentions.
The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets Innovation
The new law, which is entitled “On Financial Markets Based on the Technology of Distributed Ledgers,” was originally introduced to Albania’s Committee of Economy all the way back in October of 2019.
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Minister of Finance and Economy Anila Denaj presented the draft law earlier this week, saying that “the draft law…