NEW REGULATION OF DIGITAL ASSETS FOR FUTURE BUSINESS – CASE OF SERBIA

Abstract

In the past several years Serbia and surrounding countries became attractive environment for crypto currency hubs. Enterprises dealing with digital assets, which are present, dispose already over a 1 billion USD. Firstly, Serbian legislator adopted several regulations on this issue for the purpose of preventing money laundering, organised crime and terrorism. However, very soon it became necessary to create a legal framework for business, finance and attracting foreign investments. Serbia was among the early birds who adopted relatively complete regulation on digital assets in 2021. The purpose of this paper is to bring this very actual topic to the attention of the academic and broader public. The authors will analyse the legal framework in force and the use of digital assets in practice. New legislation represents one big step towards the modern business. Never the less there are some more actions to be done to include digital assets completely into the legal life in Serbia.