The Digital Assets Act – New Tech Regulation In Serbia

The Serbian Parliament enacted the new Digital Assets Act ("DAA"), which will come into force on 29 June 2021. The main points of the new framework are outlined below, and the topic is discussed in more detail in our latest blog article here:

• The DAA regulates all digital assets regardless of the technology on which those digital assets are based.
• The DAA recognises two types of digital assets: virtual currencies and digital tokens.
• The DAA recognises the concept of digital assets mining, but this area is excluded from the scope of the DAA.
• The government authority with competence over virtual currencies is the National Bank of Serbia ("NBS"), while the authority with competence over digital tokens is the Serbian Securities Commission ("SEC").