Regulatory Alerts2021-08-09
Added · Updated
Decision on Implementation of Provisions of the Law on Digital Assets Relating to Issuing of Licence to Provide Virtual Currency Services and Consents of the National Bank of Serbia
The Governor of the National Bank of Serbia issues this Decision to establish detailed requirements for licensing virtual currency service providers and granting consents for management and qualifying holdings. The regulation mandates specific documentation, including business plans, governance structures, and AML/CFT compliance measures, which applicants must submit to demonstrate operational capacity and financial soundness. It further defines eligibility criteria for key personnel and shareholders while emphasizing rigorous assessment for money laundering and terrorism financing risks.