Albania is preparing a more comprehensive regulatory framework for cryptoasset markets to support new digital financial services, clarify operators’ responsibilities and strengthen consumer protection.
Deputy Minister of Economy and Innovation Martin Kajo presented the draft law to the Committee on Natural Resources, Infrastructure and Sustainable Development. He said technological advances could create opportunities for business, investment and skilled employment, but required reliable rules and institutions capable of enforcing them.
The draft law sets requirements for public offerings, cryptoasset trading and operator authorisation. It also aligns Albanian legislation with the European Union’s Markets in Crypto-Assets Regulation (MiCA), addressing requirements under Chapter 9 on financial services.
Kajo said Albania already adopted legislation on financial markets based on distributed ledger technology in 2020. However, market developments and evolving European standards now require more comprehensive rules.
The proposed framework also seeks to protect consumers through clear, accurate and transparent information about digital financial products, including their costs, risks and the rights they offer. Kajo said the initiative aims to ensure that innovation develops alongside market integrity, financial stability and consumer protection.
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