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Serbia vs Venezuela

Crypto regulation comparison

Serbia

Serbia

Venezuela

Venezuela

Legal
Legal

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%.

Venezuela has a unique crypto history. The government launched the Petro (PTR) state cryptocurrency in 2018, backed by oil reserves, though it was widely considered a failure and discontinued. SUNACRIP regulates crypto activities and has licensed mining operations. Venezuelans have high crypto adoption due to hyperinflation, with USDT widely used as a de facto currency. Crypto mining requires a SUNACRIP license.

Tax Type Capital gains
Tax Type Income
Tax Rate 15%
Tax Rate Up to 34%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator National Bank of Serbia (NBS), Securities Commission
Regulator SUNACRIP (Superintendencia Nacional de Criptoactivos)
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules Government launched Petro (PTR) state crypto (discontinued); SUNACRIP regulated stablecoins
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
Key Points
  • SUNACRIP regulates crypto exchanges, mining, and service providers
  • Government-backed Petro cryptocurrency launched in 2018, largely discontinued
  • Crypto mining requires SUNACRIP license and registration
  • Very high crypto adoption driven by hyperinflation; USDT widely used
  • Income from crypto subject to progressive tax rates up to 34%