While some countries around the world have begun to base their budgets on bitcoin, many others, including North Macedonia, have yet to even regulate the issue by law. The government has yet to create a legal framework to protect investors or clearly define how these assets will operate. Investors are forced to operate in an unclear space, using international platforms for transactions and facing legal uncertainty in the country.
Prime Minister Mickoski has spoken about this issue in several of his appearances, where even months ago, he said that trading in our country is done semi-legally, while he pledged that North Macedonia will be among the first in the region to make changes in this regard.
Now, the prime minister says that work is already underway to draft a special law for the crypto market, underlining that this will be one of the main directions of the government’s economic policy over the next year.
“Work is being done on this, I think that next year both cryptocurrencies and blockchain technology will be in the focus and in the optics of this government,” said Hristijan Mickoski, Prime Minister.
But pending a new law, abuses related to this market continue. The police record violations every day, even in the area of ​​electricity theft that is secretly used for ‘mining’. The Ministry of Internal Affairs is currently not answering Alsat’s questions about how many cases of electricity theft have been reported this year, but in previous years, there have been between 100 and 300 reports. It is not even known how many of these reports are processed and how many cases end in fines.
This year, bitcoin as a major cryptocurrency reached a historic high, touching six-digit values ​​for the first time. The highest point was reached in October, when the price exceeded $126 per bitcoin. This historic rise has been driven by increased global demand and strong support for Bitcoin from major financial institutions./Alsat.mk