The Ministry of Finance Published Draft Law on Digital Assets

On October 13, 2020, the Ministry of Finance of Serbia published the Draft Law on Digital Assets (hereinafter: the “Draft”) with a call for professional public and all interested parties to join the public discussion until October 28, 2020.

Digital assets under the Draft are defined as a digital record of value that can be digitally purchased, sold, exchanged or transferred and that can be used as an instrument of exchange or for investment purposes. The most popular form of digital assets in the world is bitcoin, and the most common technology on which digital assets are based is blockchain technology.

With the adoption of the new law, companies will have new and innovative opportunities to further develop their business, such as issuing investment tokens in order to raise capital or launch platforms for the exchange of digital funds.

For more information regarding this Draft and its future application, contact aleksicsasaradnicima@lawofficealeksic.rs, or call us at one of the contact numbers.