The Ministry of Finance published the Draft Law on Digital Property on its website today and invited those interested to give comments and suggestions.
The Minister of Finance, Sinisa Mali, says that the primary goal of passing this law is to open greater business opportunities for businessmen.
“Thanks to this law, businessmen will be able to finance their innovative ideas more easily, and there is an opportunity to improve liquidity and their inclusion in the digital assets market. Otherwise, the global value of digital assets is currently estimated at more than 300 billion dollars, despite all challenges the world economy is facing today,” Mali said.
Digital assets, sometimes referred to as crypto-assets or virtual assets, are defined in the Draft as a digital record of value that can be digitally bought, sold, exchanged or transferred and that can be used as a medium of exchange or for investment purposes.
The most famous representative of digital assets in the world is bitcoin, and the most common technology on which digital assets are created is blockchain technology.
With the enactment of the new law, businessmen will have more innovative opportunities to develop their business, such as issuing investment tokens in order to raise capital or launch platforms for the exchange of digital assets.
“By adopting the law on digital assets, Serbia becomes a member of a small club of the most innovative countries in the world that have recognized the synergy of new technologies with the financial services sector, and which have decided to support and promote such singing through the legislative framework, while ensuring effective investor protection stability of the country,” the Minister of Finance pointed out.
Serbia is recognized as a country of technological development by the world’s leading publications such as the British “The Economist”, and by drafting a law on digital assets, the Republic of Serbia sends a clear signal to continue its leading position in Southeast Europe in financial technologies (Fintech) and digitalization of services for the benefit of the citizens of Serbia and its economy.
The draft law on digital assets was drafted by an interdepartmental group consisting of representatives of the Ministry of Finance, the Cabinet of the Prime Minister of the Republic of Serbia, the National Bank of Serbia, the Ministry of Economy, the Securities Commission and the Serbian Chamber of Commerce, with expert support from Digital Serbia, B92 reports.
