Albania Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

General Directorate for the Prevention of Money Laundering, Bank of Albania, Albanian Financial Supervisory Authority

Primary Legislation

Law No. 97/2020, dated October 22, 2020, “On Virtual Assets” (Ligji Nr. 97/2020, On some additions and changes to Law No. 9/2020 on preventing money laundering and financing of terrorism, This is the foundational law. Finding a direct, stable English translation link, While not specific to virtual assets, this is the overarching AML/CTF law that V, Law No. 9879/2008, The Law No. 97/2020 explicitly permits the operation of virtual asset exchanges, Practical Implementation Challenge - Lack of Licensed Entities: Despite the law, Albania's Law 66/2020 on Financial Markets Based on Distributed Ledger Technolog, Albania's 2023 Income Tax Law (effective from 1 January 2024) specifically class, Law No. 1262, 2018

Travel Rule

Adopted — Threshold: ,

Tax Reporting

Treatment: Although there's no specific "crypto capital gains tax" law, virtual assets are generally treated as movable property or financial assets for tax purposes. Therefore, profits derived from the sale or exchange of cryptocurrencies are likely subject to capital gains tax.. A taxable event occurs when a cryptocurrency is disposed of, including crypto-to-crypto trades, triggering a 15% capital gains tax.. Sold for fiat currency.. Exchanged for another cryptocurrency (crypto-to-crypto trades).. Exchanged for goods or services.

Key Facts

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