HOW “DIGITAL” IS THE NEW SERBIAN LAW ON DIGITAL ASSETS?
Sažetak
Papers focuses on the legislative changes from 2021 that the Law on Digital Assets
introduced into the legal system of the Republic of Serbia and contextualizes the amendments
from the perspective of existing practice. Introductory part evaluates the issue of whether
blockchain technology can secure trust and safety in the transactions that are executed via
Internet by parties from all over the world, as well as reasons that created the regulatory
framework for values that are transferred over distributed ledger technologies
infrastructures. Main part of the paper examines in detail the legislative solutions within the
Law on Digital Assets as well as key exceptions and terms and their impact on the local
economy. The section is followed by an overview of the draft legislation in EU in the field as
well as how it may impact Serbian economy as a third country. Aside from concluding
remarks on legislative changes domestically, the paper outlines potential upcoming
challenges related to blockchain and instruments that may require a different approach in
regulation.
Reference
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