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License applications submitted by three crypto exchanges, are currently being reviewed by Serbian authorities. The country recently approved legislation and regulated the digital markets. It is expected that Serbs can start to buy and sell cryptocurrencies legally in the next few weeks, the country’s Minister of Finance Sinisa Mali said:
“I expect that we will issue the first licenses in the next few weeks — that is very important for us.”
Speaking to parliament Mali also said that four issuers of digital tokens have already paid their application fees and further emphasized that Serbia has become one of the first nations to regulate this field.
Serbia is also developing its own token trading platform, Mali disclosed, to be launched as early as next year. Furthermore. the government is developing a growth strategy for the Belgrade Stock Exchange, which Mali believes to be “the right instrument to support the development of our financial market.” The Finance Minister added:
“Slowly but surely, the cryptocurrency and token market is evolving and we have to move along.”
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Serbia’s Law on Digital Assets came into effect this summer and defines cryptocurrencies like Bitcoin as virtual assets and digital records of value that can be bought, sold, transferred, and exchanged.