After a certain fall in value, cryptocurrency, and above all bitcoin, which has already established itself as digital gold, is growing again. One bitcoin is currently worth more than 37,000 dollars, all based on supply and demand. In the world, however, there is still no agreement on cryptocurrencies. While some states are rushing into that financial future, some others have banned any virtual currency transactions.
Serbia has chosen the middle path. The Law on Digital Property, which was adopted in December and will be valid from June, seeks to regulate this area, introduce predictability and protect economies and citizens.
The citizens of Serbia do not seem to lag behind in their interest in cryptocurrencies. According to the estimates of one of the few cryptocurrency exchanges that operate in Serbia, between one and two percent of the population had or still has a virtual banknote or is engaged in so-called mining.
And that data should be taken with a grain of salt because part of the transactions take place outside the regular financial channels and directly between the users.
“There is a long-term trend of growing interest with short-term declines in interest when the price is a little in crisis. Also, what is a big difference is that the whole market has matured in the meantime in terms of infrastructure development and in many countries, including we have regulations, that is, it is no longer something we would say a gray zone,” explains the founder and co-owner of the online service for buying and selling bitcoin ECD Aleksandar Matanovic.
The National Bank of Serbia urges citizens to be careful in trading virtual currencies so as not to be left without an investment, because the central banks and the Government are not behind virtual currencies. Also, the Law on Digital Property does not promote the use of virtual currencies.
“The essence of the law is actually to encourage the market of investment tokens, which are a kind of quasi-financial instruments and which enable small and medium-sized businesses, companies that have innovative ideas in this area to be financed in an easy way,” says Dejan Devic from the NBS, Kamatica reports.
