Liberia vs Serbia
Crypto regulation comparison
Liberia
Serbia
Restricted
Legal
The CBL has not issued crypto licenses and considers unauthorized crypto products illegal. No specific crypto legislation exists but the Financial Institutions Act requires licensing for all financial services.
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
None
Tax Type
Capital gains
Tax Rate
N/A
Tax Rate
15%
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Central Bank of Liberia
Regulator
National Bank of Serbia (NBS), Securities Commission
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
No specific stablecoin regulation
Key Points
- CBL has not approved any crypto licensing
- Unauthorized crypto products deemed illegal under Financial Institutions Act
- CBL shut down local crypto startup TACC in 2021
- No specific crypto tax framework
- Very low crypto adoption due to limited internet access
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