The National Bank of Serbia has made a set of bylaws in order to work out the Law on Digital Assets. The most important bylaws relate to the regulation of the procedure and the necessary documentation for granting licenses for the provision of services related to virtual currencies (in Serbia and abroad), foreign currency payments related to transactions involving digital assets, as well as anti-money laundering rules. The new regulations will start to be applied as of June 29, 2021, when the Law on Digital Property will start to be applied.
With this set of bylaws, a significant step has been made in completing the complex regulatory framework concerning digital assets, so companies operating in the blockchain, FinTech and DeFi industries should have enough time to comply with regulations.
We are looking forward to addressing any issue or challenge that the tech companies in Serbia might have with complying with applicable laws.