Govt to track crypto users to fight tax evasion

A proposed law will force cryptocurrency platforms to identify all users and share transaction data to stop tax evasion.

The Finance Ministry drafted the bill to match European Union standards. To avoid double reporting, the new rules will only take effect on the day the country officially joins the EU.

Under the law, crypto companies must register with tax authorities and keep customer records for at least seven years. Platforms must block any user who refuses to provide identification, and companies that fail to report accurate data face fines of up to 1 million lek.