The government in Belgrade expects the companies to obtain authorization within weeks and offer Serbs the option to buy and sell cryptocurrencies legally.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 the parliament, local media reported.
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.
Serbia’s Law on Digital Assets entered into force at the end of June this year. The legislation defined cryptocurrencies like bitcoin as virtual assets and digital records of value that can be purchased, sold, transferred, and exchanged.
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