Albania plans to begin taxing crypto-derived income next year
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Albania is set to begin taxing income derived from cryptocurrency next year, according to a draft law, local English-language website Exit News reported on Friday.
Some have questioned whether the country can properly regulate crypto and prevent it from being used for money laundering, as it has struggled to do with fiat currency, the report said.
Still, the draft law, which is at the public consultation stage, introduces the concept of taxing crypto and virtual asset income. It also provides Albania’s first definition of a virtual asset.
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