Regulatory Alerts2021-08-09
Added · Updated
Decision on Detailed Conditions and Manner of Supervision over Virtual Currency Service Providers and Virtual Currency Issuers and Holders
The National Bank of Serbia issued this Decision to establish the detailed conditions and procedures for supervising virtual currency service providers, issuers, and holders under the Law on Digital Assets. The regulation mandates both on-site and off-site supervision methods, granting authorized personnel broad powers to access premises, documents, and data while requiring entities to cooperate fully and provide translations if necessary. It outlines a tiered enforcement framework involving recommendations, warnings, and fines, with license revocation as the ultimate penalty for non-compliance or obstruction of supervisory activities.
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