Serbia checks license applications of 3 cryptocurrency exchanges - regulation
Serbia checks license applications of 3 cryptocurrency exchanges - regulation
Three crypto exchanges have applied for a license in Serbia that recently passed laws on regulating their digital asset area. The government in Belgrade expects companies to receive approval within weeks and to offer Serbs the opportunity to legally buy and sell cryptocurrencies.
crypto trading platforms and token issuers apply for licenses in Serbia
The authorities in Serbia are currently reviewing license applications from three crypto change parlors, the state's finance minister, Sinisa Mali, announced this week in parliament, local media reported. Quoted from the news agency Tanjug, the official said:
I assume that we will be awarded the first licenses in the next few weeks - that is very important to us.
When asked by legislature, Mali also announced that four issuers of digital tokens have already paid the application fees. The minister emphasized that Serbia was one of the first countries to regulate this area by law. Slowly but safely, he added, the market for cryptocurrencies and digital tokens is also developing.
Mali also announced that Serbia is developing its own token trading platform, which is expected to start next year. He also said that the government is working intensively on a growth strategy for the Belgrader Börse , which he described as "the right instrument to support the development of our financial market".
The Serbian law on digital assets came into force at the end of June of this year. Legislation defines cryptocurrencies such as Bitcoin as virtual assets and digital value records that can be bought, sold, transferred and replaced.
The number of Serbs that have digital currencies has increased significantly since then. A current media report quotes estimates by representatives of the crypto industry. that around 200,000 inhabitants of the Southeast Europe now have a own.
The growing investor interest and the government's regulatory efforts bring Serbia closer to the regional leaders in relation to the introduction of crypto. supermarket , petrol stations and other merchants in the neighboring country of Croatia now accept different cryptocurrencies. Slovenia, another former Yugoslav Republic, has via Bitcoin payments Support, while the authorities in Ljubljana steps to simplify the for crypto-assets.
Do you believe that Serbia will quickly catch up with the leaders of the region when introducing cryptocurrencies? Share your expectations in the comment area below.
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