The Central Inspectorate for Market Supervision (IQMT), in collaboration with the Kosovo Tax Administration (ATK), continued its operational plan today, conducting inspections across the Republic of Kosovo. The focus of these enforcement actions was on businesses operating within the volatile sectors of cryptocurrencies and foreign exchange. During the day’s activities, a total of 14 inspections were carried out across various locations.
The regulatory checks resulted in several enforcement actions against non-compliant establishments. Specifically, two businesses were forced to cease operations immediately due to deficiencies in required operating documentation. Furthermore, two other businesses received fines for failing to adhere to established working hour regulations.
The IQMT reiterated the mandatory compliance obligations for all economic entities involved in these markets. The agency emphasized that every business operating within the cryptocurrency and foreign exchange sectors must strictly meet all stipulated legal requirements. This includes ensuring full adherence to the minimum technical standards set forth by the Ministry.
These joint inspections underscore the authorities’ commitment to maintaining a regulated and transparent operational environment for financial services. The enforcement actions aim to safeguard consumer protection and ensure that all market participants operate within the established legal framework governing these complex financial activities. Continued vigilance remains a priority for both the IQMT and the ATK to uphold market integrity.
Topics: #businesses #two #cryptocurrencies
