Crypto owners in Serbia reach 200,000 because the state regulates digital assets-
Crypto owners in Serbia reach 200,000 because the state regulates digital assets-
The number of owners of cryptocurrencies in Serbia has increased to around 200,000, with interest in cryptocurrencies increasing in parallel with the growing cryptoma markets. The country's decision to recognize digital assets this year also contributed to its increasing popularity.
Law on digital assets brings Serbia to the crypto map
recently adopted regulations and real investor interest have made Serbia, a nation with 7 million inhabitants in Southeast Europe, one of the countries that consider cryptocurrencies as a matter of the present. Around 200,000 Serbs now have a coin or other local media reported and quoted the latest estimates of the crypto industry.
The Serbian law on digital assets came into force at the end of June of this year. Legislation recognizes cryptocurrencies such as Bitcoin as virtual assets. They define its provisions as digital value recordings that can be bought, sold, transmit and replaced. The number of Serbs who have cryptos has increased since its introduction, the Ekapija business news portal found in a report.
"This year we have recorded serious growth in buying and selling cryptocurrencies every month," said Marko Zivkovic, marketing director of the ECD crypto tour, the Tanjug news agency. "The market in Serbia is definitely growing and we are not lagging behind some markets in the developed world," emphasized the executive.
The crypto trading platform works with a temporary approval that enables it to offer users the opportunity to buy and sell coins. A permanent approval of the Serbian National Bank ( nbs ) in the first months of the next year. Zivkovic points out that the stock exchange can also process crypto payments for goods and services after complete licensing.
The economist Malisa Djukic pointed out the significant increase in the capitalization of the global cryptom market in the past two to three years and commented that interest in cryptocurrencies in small and large investors undoubtedly increased. The same applies to the number and value of the cryptotransactions, he added.
In terms of interest in crypto trading in Serbia, a similar observation can be made, noted that the adoption of laws that treat cryptocurrencies as assets supported the trend. He explained that the law had created a legal basis that enables companies to post crypto -leader in their balance sheets and report profits or losses from associated operations. It also enabled the government to tax crypto investments.
In terms of introduction of cryptocurrencies, Serbia has a lot to do to obtain regional leaders, two other former Yugoslav republics. A test report The Bitcoin-friendly Slovenia has over 1,000 locations, which accept different digital currencies. Crypto payments also spread in neighboring Croatia, where a leading supermarket chain now takes nine coins in his online shop.
Do you expect Serbia to be the next crypto hotspot in Southeast Europe? Tell us in the comment area below.
Bedy verification : Shutterstock, Pixabay, Wiki Commons