Regulatory Alerts2021-10-18
Added · Updated
Decision on the Contents and Form of Records Kept by Virtual Currency Service Providers Holding User Funds
The National Bank of Serbia issued this Decision to mandate specific record-keeping standards for virtual currency service providers holding user money or virtual currencies. The regulation requires providers to maintain separate bank accounts for user funds, define precise data fields for individual and omnibus accounts, and ensure immediate recording of all transactions and balance updates. Furthermore, it stipulates that records must be kept electronically, remain accurate and transparent, and comply with personal data protection and business secret laws.
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