Albin Kulicaj, an outstanding student, explained how investments with virtual currencies work on Now with Erla Mehilli.

He said that an investor is the first thing needed or someone with a specific amount of money looking to invest. This person then downloads an application, creates a profile, and makes their identity clear.

“There was a case of a false identity once,” said Kulicaj.

The student explained that cryptocurrencies operate in a chain, where money is chipped into the system which then checks if the money is clean.

“The bank does a background check, looks at his financial movements, his salary and when the person is verified, then the money is laundered and the activity in cryptocurrencies begins”, explained Albin Kulicaj