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Finance
In the previous article in this series, we compared the rules under Serbian Digital Assets Act (DAA) and MiCAR concerning the offerors (issuers) of crypto-assets and persons seeking admission to...
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Issuers of crypto-assets may be subject to two types of potential requirements: (i) to obtain authorisation from the competent authority for the issuance of crypto-assets, and (ii) to publish a...
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Definitions of crypto-assets under the Serbian Digital Assets Act (“DAA“) and MiCAR are for the most part similar: both instruments define crypto-assets as a “digital representation of value” that can...
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Serbia has been among the pioneers of crypto-asset market regulation. When the Digital Assets Act (Zakon o digitalnoj imovini, Official Gazette of the Republic of Serbia no. 153/2020) (DAA) was...
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Last year we have discussed the prospects for Republika Srpska to regulate for the first time the issuance and the use of electronic money. The wait is over – the...
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In 2014, Serbia made a big step forward in aligning its payment services regulations with the EU rules. The Payment Services Act (Zakon o platnim uslugama), a local equivalent of...
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The current global environment is giving BNPL (“buy now pay later”) incredible momentum. People are working and shopping more and more from their homes. Many of them need more financial...
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Last week, we critically commented on the NBS’s interpretation of the Serbian Foreign Exchange Act with respect to the permissibility of pledge on local receivables as security for claims of...
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The National Bank of Serbia (“NBS“) released interpretative guidance regarding the application of the foreign exchange regulations on certain cross-border transactions. Among other things, the guidance responds to a question...
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The National Bank of Serbia (NBS) has updated its regulation of cross-border loans and guarantees involving Serbian borrowers and security providers (Update). The Update allows Serbian borrowers to agree to...
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