The Serbian government stated that the Law on Digital Assets, which regulates the field of digital assets and digital business operations in Serbia, has become effective today.
Q:
A:
Law on Digital Assets effective as of today
Belgrade,
29 June 2021
Serbia is among the first countries in the world which, owing to the passing of the legislation in question, created a regulatory framework for the field of digital assets, not only by providing a clear framework and legal security for investors and users of digital assets, but also by sending out the signal to the world that Serbia is becoming a state of finetech.
By adopting this law, we have shown once more that Serbia is keeping pace with the development of IT technologies, innovations and changes in the digital world, that we have become a part of the growing segment of the digital economy and a member of a rare club of countries that have regulated this field in a comprehensive way, like France and Malta.
By regulating this area, we give a chance first and foremost to the young people to use new, alternative sources of financing, which are now legally regulated and we keep them in Serbia, where they can bring their innovative business ideas to fruition.
The Law on Digital Assets enables financing with investment tokens, improves and develops the capital market by using the digital technology, and strengthens the framework for the fight against abuses on the digital assets market, money laundering and the financing of terrorism.
The law also regulates the issue of the rent of digital assets and secondary trading in digital assets in Serbia, the provision of services related to digital assets, lien and fiduciary rights on digital assets, the authority of the Securities Commission and the National Bank of Serbia, as well as the supervision of the implementation of the law.
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