The Law on Digital Property is the first law in the
The Law became effective as of June 29 and it regulates:
- issuance of digital property and secondary trading in digital property in the Republic of Serbia
- provision of services related to digital assets.
- lien and fiduciary right on digital property.
-
the competence of the
Securities Commission andthe National Bank of Serbia. - supervision over the application of this Law.
Serbian government has recognized the need to encourage the domestic IT sector and to improve the business environment.
Thanks to the adoption of the said Law,
The new Law on Digital Property will enable
The implementation of the Law on Digital Property will enable the development of the capital market with the help of digital technology. It will also strengthen the framework for combating abuse in the digital property market, as well as for money laundering and terrorist financing.
The law introduces the institute of “white paper”, which in accordance with international practice, is a document that the issuer is obliged to publish, and which contains information that allows investors to make investment decisions and assess investment risks. into digital assets.
When it comes to providers of services related to digital assets, the Law introduces the institute of licenses, as well as the minimum share capital that a company is obliged to have when applying for a license to provide services related to digital assets.
The mandatory amount of the founding capital of companies that want to provide digital assets related services, is prescribed by the Law and in the range from € 20,000 to € 125,000.00, depending on the type of services. The minimum share capital can be monetary and nonmonetary, but at least half of the registered share capital must be subscribed and paid in cash.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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