Cryptocurrency: Is it becoming a reality for Albania?

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Abstact

The aim of this study is to realize an analysis of cryptocurrencies in Albania. Cryptocurrencies have experienced tremendous changes in the last years, and have often been the subject of debates. Albania is one of the countries in which seems really difficult to have the opportunity of using cryptocurrencies as a payment tool, or as an investment alternative. Throughout this investigation, we will treat some of the main difficulties and challenges of the cryptocurrency market in Albania. As the study reveals, it seems that it has not been easy for Albanian investors to use cryptocurrency as an investment alternative, or use cryptocurrency as a payment tool. Anyway, what we can emphasize is the fact that we can see some positive steps in this direction. Even though it seems a slow process, the removal of some legal restrictions related to cryptocurrencies reflects the “break” of the “walls” that were serving as a barrier for them in Albania. Only the future can show this, so the only thing that we can do is to wait for it.

Keywords: Cryptocurrency, Bitcoin, Investment, Risk, Return, Legal Framework

JEL Classification: E6, K2, O3, G3

Received: 21.10.2021
Accepted: 27.10.2021

How to cite: Nasto, K., & Sulillari, J. (2021). Cryptocurrency: Is it becoming a reality for Albania? In K. M. Hogan, & A. Kostyuk (Eds.), Corporate governance: Fundamental and challenging issues in scholarly research (pp. 95–100). https://doi.org/10.22495/cgfcisrp16