Kosovo's crypto-asset regulatory framework, established through Law 08/L-295 (November 2024) and the CBK's licensing regulation (August 2025), currently focuses on regulating exchange operators rather than stablecoin issuers, requiring €125,000 minimum capital and strict AML/CFT compliance. The framework aligns with EU MiCA standards by constraining licensed operators to trade only in crypto-assets permitted under European Union legislation. Stablecoin issuance remains unregulated. This phased approach means Kosovo is building foundational infrastructure (exchange licensing, AML controls) before addressing issuer-level regulations. When Kosovo eventually establishes a stablecoin issuer framework, it is expected to follow EU MiCA classifications.
Applicable Laws:
Law No. 08/L-295 "On Crypto-Assets" - https://gzk.rks-gov.net/ActDocumentDetail.aspx?ActID=99185
Regulation on the Licensing of Crypto-Asset Service Operators Offering Crypto-Asset Exchange Services - https://bqk-kos.org/wp-content/uploads/2025/09/ENG-Rregullore-per-licencimin-e-operatoreve-te-kripto-aseteve.pdf?lang=en
