Serbia Reviewing License Applications From 3 Cryptocurrencies
“Authorities in Serbia are currently reviewing license applications submitted by three crypto exchange offices. The country’s Minister of Finance Sinisa Mali announced this week that the government is reviewing the applications and expects the companies to obtain authorization within weeks. He added that four issuers of digital tokens have already paid the application fees.”
Crypto Trading Platforms and Token Issuers File for Licenses in Serbia Authorities in Serbia are currently reviewing license applications submitted by three crypto exchange offices, the country’s Minister of Finance Sinisa Mali announced this week in parliament, local media reported.
Quoted by Tanjug news agency, the official elaborated: I expect we will issue licenses in the next few weeks — that is very important for us. Responding to questions from lawmakers, Mali also revealed that four issuers of digital tokens have already paid the application fees.
The minister emphasized that Serbia has become one of the first nations to regulate this field through legislation. Slowly but surely, he added, the cryptocurrency and digital token market is evolving too. Mali further revealed that Serbia is developing its own trading platform and expects it to launch as early as next year. He also said that the government was working intensely on a strategy for Belgrade Stock Exchange (BELEX), which he described as “the appropriate instrument to support development of our financial market”.
Under Serbia’s Law on Digital Assets adopted at the end of June this year, cryptocurrencies like bitcoin are defined as virtual assets and electronic records of value that can be purchased, sold, transferred, and exchanged. A number of commercial establishments in the Balkan nation are now accepting bitcoin. The local crypto community recently estimated that around 200,000 Serbians hold digital currencies, according to the latest reports by Tanjug.
Authorities in Croatia have announced they will allow shops and petrol stations to accept cryptocurrencies this month while Slovenia is also making strides toward becoming more cryptocurrency friendly with a new taxation system for gains on cryptocurrencies expected to come into effect next year. Meanwhile, Serbia’s neighbor Bosnia-Herzegovina has hardly any information on its government’s position towards cryptocurrencies so far.
Belgrade Stock Exchange (BELEX) Belgrade Stock Exchange (BELEX), the primary market of the Republic of Serbia, is a company at which trading on securities and derivative financial instruments takes place.