BTC $67,140.00 (-1.16%)
ETH $1,980.76 (-1.49%)
XRP $1.43 (-3.58%)
BNB $610.90 (-1.20%)
SOL $82.31 (-3.44%)
TRX $0.28 (-0.55%)
DOGE $0.10 (-2.70%)
BCH $563.64 (-0.43%)
ADA $0.28 (-2.54%)
LEO $8.66 (+1.24%)
HYPE $28.89 (-2.24%)
LINK $8.71 (-2.06%)
CC $0.16 (-2.06%)
XMR $325.66 (-4.70%)
XLM $0.16 (-3.83%)
RAIN $0.01 (+1.47%)
ZEC $262.31 (-10.16%)
HBAR $0.10 (-2.59%)
LTC $53.40 (-1.75%)
AVAX $8.91 (-2.15%)

Sri Lanka vs Serbia

Crypto regulation comparison

← Back to map | Sri Lanka | Serbia
Sri Lanka

Sri Lanka

Serbia

Serbia

Restricted
Legal

Sri Lanka has no specific cryptocurrency legislation. The CBSL has issued multiple warnings (2018, 2021, 2022, 2023) about crypto risks and has not authorized any entity to operate crypto exchanges, mining, or advisory services. Use of debit/credit cards for crypto is prohibited under the Foreign Exchange Act. The SEC has been discussed as a potential future regulator.

Serbia's Law on Digital Assets, enacted in December 2020 and effective June 2021, created one of the first comprehensive crypto regulatory frameworks in the Western Balkans. The NBS oversees virtual currencies while the Securities Commission handles digital tokens. Service providers must obtain licenses and comply with AML/KYC requirements. Capital gains taxed at 15%.

Tax Type Unclear
Tax Type Capital gains
Tax Rate N/A
Tax Rate 15%
Exchanges No No
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Central Bank of Sri Lanka, Securities and Exchange Commission
Regulator National Bank of Serbia (NBS), Securities Commission
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No specific stablecoin regulation
Key Points
  • CBSL has issued repeated warnings about crypto risks (2018, 2021, 2022, 2023)
  • No entity authorized to operate crypto exchanges, mining, or advisory services
  • Use of debit/credit cards for crypto prohibited under Foreign Exchange Act
  • CBSL requested criminal proceedings against crypto pyramid schemes
  • SEC discussed as potential future regulatory authority for digital assets
Key Points
  • Law on Digital Assets enacted December 2020, effective June 2021
  • NBS regulates virtual currencies; Securities Commission regulates digital tokens
  • Capital gains on crypto taxed at 15%
  • Service providers must obtain licenses and maintain physical offices in Serbia
  • Transfer/conversion of digital assets exempt from VAT
Sources
Sources