Crypto Regulations in North Macedonia
North Macedonia has a very favorable regulatory environment for cryptocurrencies. The country has no specific laws or regulations regarding cryptocurrencies, meaning they are currently treated as financial assets. This is likely to change in the future, but for now, it provides an excellent opportunity for those looking to trade Bitcoin.
Source: World Financial Review
National Bank of Macedonia issued a statement on September 28, 2016, warning against cryptocurrencies and reminding citizens that foreign investment accounts by Macedonians, including cryptocurrencies, are prohibited. As of July 2018, cryptocurrencies are still illegal in Macedonia. The Governor of the National Bank of Macedonia stated that Bitcoin trading and use is unlawful because international payment operations are conducted by Macedonian banks.
Source: Freeman Law
The North Macedonian government has been supportive of the cryptocurrency industry and has even announced plans to launch its own digital currency, the denar coin. The denar coin is intended to be used as a national payment system and will be backed by the country’s reserves of a denar.
Source: World Financial Review
The country has no specific laws or regulations regarding cryptocurrencies, which means that they are currently treated as financial assets. This is likely to change in the future, but for now, it provides a great opportunity for those looking to trade Bitcoin.
Source: World Financial Review
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As of July 2018, cryptocurrencies are still illegal in Macedonia.[2] The Governor of the National Bank of Macedonia stated that Bitcoin trading and use is illegal because international payment operations are conducted by Macedonian banks
Source: Freeman Law
North Macedonia is positioning itself as a hub for innovation and technology. This is evident in the government’s recent decision to offer a $100 million prize for the development of a decentralized internet. This shows that the country is open to new technologies and is willing to invest in them.
Source: World Financial Review
The fraud scheme, organized mainly by Israeli nationals, was disseminated via call centers, ran from Bulgaria and North Macedonia. In total, the criminal network defrauded victims across Europe of an estimated EUR 30 million.
Source: Europol
Police have closed their probe into alleged electricity theft for a crypto-mining operation in central Skopje – but not everyone is convinced that the report was baseless. One week after North Macedonia’s police entered, and then quickly left, Skopje’s landmark City Trade Mall, GTC – to check claims that cryptocurrency diggers were stealing electricity from the basement – the case is closed. However, suspicions that the police failed to resolve the matter have since piled up.
Source: Balkan Insight
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