In order to establish a positive climate and legal ground for implementation of DLT in Serbia
In order to establish a positive climate and legal ground for implementation of DLT in Serbia, there are three major issues that need to be addressed – currently active AML (Anti Money Laundering) law, KYC (Know Your Customer) rules and Protection of investors (new legislation should develop discipline and responsibility for ICO issuers that were the missing part during a past time whereby the ICO investors were not legally protected).
Serbia should work on an action plan for successful implementation of World best practice when it comes to DLT regulative and Investors Protection.
Current Serbia’s AML Law is a special aggravating circumstance for successful establishment of blockchain technologies and resulting ICO’s crowdfunding. Certain law changes could not only encourage a blockchain ecosystem in Serbia but could also end up making Serbia one of the most desirable environment for blockchain development and DLT.
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