The Balkan states are gradually retreating from super-rigid positions in relation to the blockchain, cryptocurrency and Fintech businesses. A vivid example is Montenegro. The authorities of the country are quite loyal to payments using non-fiat currencies and in the summer of 2018 several apartments at the Adriatic coast were sold for Bitcoins. Considering that the transactions were observed by representatives of the prosecutor's office, they can be considered official and legal. Real estate can be purchased for alternative currencies - for example, Etherium, with subsequent conversion into Euros.
There is no clear regulation of the crypto-field and a direct ban to the non-fiat funds' exchange and circulation in the state. However, even though a license for cryptocurrencies is not issued, exchanges and exchangers should adhere to the rules adopted in the country and in Europe. Montenegro plans to join the European Union in the next few years; it upgrades financial legislation and takes into account the provisions of EU directives. Therefore, crypto platforms should:
The "Prifinance" company completes paperwork for the cryptocurrencies exchange licenses and helps with the registration and legalization of the business related to the Fintech-field, virtual financial products, and non-fiat currencies. Experts will select the jurisdiction for you, draw up a strategy of actions, corporate and tax scheme, help with organizational issues and technical side. We will:
With "Prifinance", you will legally, without loss of time and effort, begin to work in a promising niche.