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3 new crypto exchanges have applied for licensing in Serbia after the regulation of the crypto realm in the country. The government has warned the existing firms to gain a license in weeks to continue their operation in the country.
Crypto space is becoming wider and wider with each passing day. The surge of crypto adoption has forced governments to regularize the crypto space for its better use and users’ protection. The smaller countries have started to regularize the crypto realm. After the Bitcoin adoption by El Salvador, Serbia is the first country to regularize the crypto space. In June 2021, the law on Digital assets came into force and defined the crypto coins as virtual assets.
3 new crypto exchanges have applied for licensing:
3 new crypto exchanges have applied for licensing in Serbia, as reported by the Tanjug news agency. The officials are reviewing these three applications submitted by these 3 new crypto exchanges. The minister of Finance has announced this news in the parliament session, according to the local media outlets. The official detailed:
I expect that we will issue the first licenses in the next few weeks — that is very important for us.
Responding to questions from lawmakers, Mali also revealed that four issuers of digital tokens have already paid the application fees. The minister emphasized that Serbia has become one of the first nations to regulate this field through legislation. Slowly but surely, he added, the cryptocurrency and digital token market are evolving, too. The country is also working on its own digital token trading platform which will be launched early next year.
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