Three crypto exchanges have applied for licenses in Serbia, and Serbia recently passed legislation regulating its digital asset space. The Belgrade government hopes that these companies will be authorized within a few weeks and will provide Serbians with the option to legally buy and sell cryptocurrencies.

Crypto trading platform and token issuer apply for license in Serbia

According to local media reports, Sinisa Mali, the country’s finance minister, announced in Parliament this week that Serbian authorities are currently reviewing license applications submitted by three cryptocurrency exchanges. Tanjug News Agency quoted the official as saying:

I expect that we will issue the first batch of licenses in the next few weeks-this is very important to us.

In response to questions from legislators, Mali also revealed that four digital token issuers have already paid application fees. The Minister emphasized that Serbia has become one of the first countries to pass legislation to regulate this field. He added that slowly but surely, the cryptocurrency and digital token markets are also evolving.

Mali further revealed that Serbia is developing its own token trading platform, which is expected to be launched as early as next year. He also said that the government is stepping up its efforts to adopt a growth strategy for the country. Belgrade Stock Exchange, He described it as “the right tool to support the development of our financial markets.”

Serbia’s “Digital Assets Law” came into effect at the end of June this year. The legislation defines cryptocurrencies such as Bitcoin as virtual assets and digital value records that can be purchased, sold, transferred, and exchanged.

Since then, the number of Serbs holding digital currencies has increased significantly. Recent media reports cited estimates from representatives of the encryption industry, Indicated Approximately 200,000 residents of Southeast European countries now own one or the other coin.

Growing investor interest and government regulatory efforts have brought Serbia closer to regional leaders in crypto adoption. supermarket, Gas station And others merchant Various cryptocurrencies are now accepted in neighboring Croatia.Another former Yugoslav Republic of Slovenia has ended 1,000 locations Support Bitcoin payments, and the Ljubljana authorities are taking steps to simplify Bitcoin payments tax system For crypto assets.

Do you think Serbia will quickly catch up with the leaders in the region in terms of encryption adoption? Share your expectations in the comments section below.

Lubomir Tasef

Lubomir Tassev is a tech-savvy journalist from Eastern Europe. He likes Hitchens’ famous quote: “Being a writer is my nature, not what I do.” In addition to encryption, blockchain and financial technology, international politics and economics Are the other two sources of inspiration.