The Ministry of Finance of Serbia published the Draft Law on Digital Property on its website, asking the site’s visitors to comment and give their suggestions about it.
Finance Minister Siniša Mali said that “thanks to that law, businesses will find it easier to finance their innovative ideas and the possibility of improving liquidity and their inclusion in the digital property market opens up.”
“Digital assets”, also called “crypto-assets” or “virtual assets”, are defined in the Draft Law as “digital value records that can be digitally bought, sold, exchanged or transferred and that can be used as a medium of exchange or in the purpose of investment”.
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Bitcoin is the widely known example of “digital assets” while blockchain is the most common technology used to create “digital assets”. Mali also stated that the total value of digital assets in the world is estimated at more than 300 billion dollars.
With the adoption of the new law, according to the Ministry, businesses will have more innovative opportunities for the development of their operations, such as “issuing investment tokens in order to raise capital” or launching platforms for the exchange of digital assets.
“By adopting the law on digital assets, Serbia will belong to the small group of the most innovative countries in the world that have recognized the synergy of new technologies with the financial services sector, and decided to support and improve such singing through the legislative framework, while ensuring effective investor protection, financial market integrity and financial stability of the country, Minister Mali pointed out.
(Vecernje Novosti, 13.10.2020)
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