Serbia in the field of cryptocurrency field regulation relies on the decisions of European authorities - the Banking Administration, etc. The authorities and the National Bank of the country warn about the risks of non-fiat money and refuse to recognize them as payment means. The circulation of Bitcoin and alternative cryptocurrencies is not legalized; licensed financial institutions are prohibited to carry out operations with them. However, private traders have the right to trade and exchange crypto-instruments - “at your own peril and risk”.
Despite the unwillingness to recognize the crypto-money officially, the Serbian authorities are showing interest in the blockchain and are ready to use it. Circulation of virtual money is not prohibited directly - it is simply not regulated by the law. Taking into account the country's movement towards integration into the European community, the exchanges that would like to document a license for the cryptocurrencies exchange may consider the state as a platform for a business launching.
It is not difficult to register organizations in Serbian state agencies, both individuals and legal entities can establish a business. The popular with non-residents form is DOO, which is similar to Russian LLC. For its establishment, there is enough to have a capital of 1 euro, availability of at least one director and a secretary. Having received a certificate, you should worry about the fulfillment of European requirements for the work of the exchanger. Cryptocurrency licenses are issued to firms that:
Serbia is a European state, and it is useful to secure oneself against risks by fulfilling the EU directives requirements. "Prifinance" company will help with this. Our experts will simplify and speed up the process of obtaining of licenses for the exchange.
With us, you will legally and easily receive licenses for cryptocurrency in the appropriate state and set up a business in the selected country.