7 minutes agoBitcoin's making a run for Albania
Periskopi(9 years ago)
(9 years ago)Buying Bitcoin in Albania is not difficult at all. Some traders operate through the trade pages, where the number of transactions is over 2000 and the value of the estimated trade volume at the current price of BTC trading in international stock exchanges exceeds 1.5m euros. On page LocalBitcoins are [...]
On the LocalBitcoins page are registered vendors and buyers from around the world, who conduct virtual currency-purchasing transactions Bitcoin in traditional coins. The BTC exchange price has increased by the last year.
Five vendors sell Bitcoin in exchange for cash in Albania, Bitcoinremı, draggosWarior, BtcExMtl, ír75 and Excoins.me. According to a map showing the LocalBitcoin page four of them operating in the city of Tirana and one in Gjirokastra.
Sellers in the city of Tirana operate on the Barricades road, while one on the outskirts.
In sales data, the minimum value of entering the transaction is 100 euros, but there are vendors like NAR75 that the lowest value to enter into transactions (to give money to get BTC) is 350 euros. While the highest value of the transaction amounts to as much as 20,000 euros, which the seller excoins has.me.
For Btc vendor ExMtl's number of transactions exceeds 1,000 with 681 different partners. This salesman has been on the page for three years and two months.
The second seller with the highest number of transactions is NAR75, which numbers over 500 in less than one year.
This user, whose identity is unknown, estimates a commercial volume of 100 B TC.
Another registered vendor at LocalBitcoin is DragosWaryr, whose transactions estimate a trade volume of up to 250 BTC.
Another registered vendor at LocalBitcoin is DragosWaryr, whose transactions estimate a trade volume of up to 250 BTC.
LocalBitcoin is a page for exchange without virtual currency mediator Bitcoin. According to the description on the page, registered users can buy and sell Bitcoi with each other. Users, or sellers, create ads that give the price and method of payment they want. More than 60 different ways of paying are counted on the page.
Online VS traders
There are two different ways of trading the virtual currency in LocalBitcoin, with local businessmen and online businessmen.
Online businessmen operate fully through the platform without meeting with the person entering the transaction. Most users are online businessmen.
Local businessmen meet with individuals entering the transaction. The LocalBitcoin page explains that this is not a safe way to pay one of the vendors with one of the online methods of payment.
Online paying methods are bank transfers or other payment systems.
One of the local vendors in Albania writes that he prefers to meet in public places (bar-cafe), and the exchange can be made in public places, while setting up a number of contacts.
Bank of Albania has not licensed either
The Bank of Albania has licensed no financial subject in whose activity the use of virtual coins is involved. Consequently, any society that is involved in this activity in the Republic of Albania is not licensed, and its activity is not subject to the regulatory and supervisorial framework on the part of the Bank of Albania.
As a result, in terms of the lack of rules that would discipline financial activity and supervision, the activity of these subjects is characterized by a considerable degree of risk and uncertainty, without full guarantees for protecting customers from loss to investment. From this perspective, anyone's involvement in this kind of activity remains an act of individual responsibility for each person who takes it, the bank has warned.
All relevan, national and international factors, including the European Banking Authority and the European Central Bank, are working intensively to assess all the problems related to virtual money, with the aim of regulating and monitoring it adequate.
