BIRN Montenegro Executive Director Vuk Maras warned that the cryptocurrency sector in Montenegro is still not legally regulated.
“There was a political and economic idea for Montenegro to become an attractive destination for digital investments. However, the development of the regulatory framework did not keep pace with the speed of market changes,” Maras said.
During the workshop, key risks related to cryptocurrencies were discussed and the need to strengthen oversight of advertising and fraudulent platforms was highlighted.
It was noted that work should be done on developing an automated system for monitoring online fraud and establishing an operational model for the seizure and management of crypto assets.
The workshop was attended by journalists from Montenegrin media, as well as representatives of the Ministry of Justice, Ministry of Economic Development, the Special State Prosecution, the Capital Market Commission, the Tax Administration and the Association of Managers of Montenegro.
The workshop was co-funded by the National Endowment for Democracy, NED, and the European Union through the project “Disinfo Watch: Fact-Checking for Resilient Communities.”