Finans

Albanian lessons for regulators nervously eyeing the crypto world

Once upon a time in Albania, a scrappy, alternative finance industry emerged to take on and eventually supplant a sclerotic, technologically-backward banking system. The lessons from its dramatic collapse remain relevant today.

Albania’s 1990s pyramid crisis is so fascinating that it is worth exploring. Pictured: Tha Albanian city Durres.
Albania’s 1990s pyramid crisis is so fascinating that it is worth exploring. Pictured: Tha Albanian city Durres.Foto: ARBEN CELI/Reuters/NTB
Publisert 5. July 2021, kl. 15.03Oppdatert 5. July 2021, kl. 15.03
FinansFinancial TimesKryptovalutapyramidespillAlbania