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Free Bitcoin 2020 Earn Free Bitcoin Daily in Internet 2020 Learn different ways to earn Bitcoins by completing simple tasks, Captcha’s and sell your Bitcoins for real money. Free Bitcoin 2020 What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency. Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets. Bitcoins in its pure essence is money. It is digital curren

Crypto Regulation Commences in Serbia: Trading, Mining Legalized

Crypto Regulation Commences in Serbia: Trading, Mining Legalized

Serbia has started regulating the crypto industry as the country’s law on digital assets has gone into effect. It requires cryptocurrency service providers to obtain a license and legalizes crypto activities, including trading and mining.

Serbia Starts Regulating Cryptocurrency

Serbia’s recently adopted Law on Digital Assets went into effect last week with a publication in the government’s official gazette. Crypto service providers based in the country have six months to comply. The Serbian parliament has also adopted a set of amendments to the tax regulations covering digital assets, explained Karanovic & Partners law firm.

The new law applies to all digital assets, which are divided into two types: virtual currencies and digital tokens. Digital assets are defined by legislation as “a digital record of value that can be digitally bought, sold, exchanged, or transferred and that can be used as a medium of exchange or for investment purposes (with some exceptions),” the law firm described. The Serbian Securities Commission and the National Bank of Serbia are tasked with overseeing the crypto industry.

The law recognizes stablecoins and permits cryptocurrency mining. Crypto issuance is also permitted. However, for offerings that do not have a whitepaper approved by the commission, advertising is permitted only if it fulfills strict conditions set out in the law.

Secondary and over-the-counter (OTC) trading through organized platforms is permitted and can be facilitated using smart contracts. Furthermore, crypto services are permitted after the service providers obtain a license from the authority. However, licensing is not a requirement for providing advisory services.

What do you think about Serbia regulating crypto activities? Let us know in the comments section below.

The post Crypto Regulation Commences in Serbia: Trading, Mining Legalized appeared first on Bitcoin News.



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