Around 200,000 People in Serbia Own Some Kind of Cryptocurrency – When Will We Be Able to Pay with Virtual Money?

According to the most recent estimates, around 200,000 people in Serbia own some kind of a cryptocurrency, and the interest in owning cryptocurrencies in the country has grown since it was recognized by Serbian law.

According to the Law on Digital Property, which came into effect on June 29, 2021, virtual currencies have been recognized as virtual property, that is, as digital value records, which can be digitally bought, sold, exchanged or transferred.

The marketing director at the crypto exchange office ECD, Marko Zivkovic, says for Tanjug that the law puts Serbia on the map of countries that recognize cryptocurrencies as a thing, not just in the future, but in the present as well.

– The most recent estimates say that around 200,000 people in Serbia own some kind of a cryptocurrency. As a crypto exchange office, we are noticing that the market is growing. Each month this year, there was a serious growth of both the purchase and the sale of cryptocurrencies. The market in Serbia is definitely growing and we are not lagging behind some more developed world markets – Zivkovic said.

As he explained, the crypto exchange office ECD now has a temporary permit which allows people to buy and sell cryptocurrencies through it, and they are waiting for an official permit by the National Bank of Serbia in order to be able to offer to other businesses as well to sell their services and products using cryptocurrencies.

– ECD is in the procedure of obtaining that permit from the NBS and I hope that, in the first months of the next year, we will get the permit – Zivkovic said.

From the moment, he says, when the first crypto exchange office gets a permit, it will be possible to use cryptocurrency for the purchase of any product or the payment of any service.

Narodna banka Srbije Beograd

ECD

National Bank of Serbia

Marko Živković

Mališa Đukić

Law on Digital Property

virtual property

cryptocurrencies

bitcoin

trading with cryptocurrencies