Serbia will issue the first batch of encrypted currency licenses in a few weeks.

The three encrypted currency exchanges have applied for licenses in Serbia, and Serbia has recently passed the legislation of the supervision of their digital asset space. The Belgrade government expects that these companies will be authorized for a few weeks, and provide legal trading to the Serbian selection.

Encrypted trading platform and Currency publishers apply for licenses in Serbia

According to local media reports, Serbia Finance Minister Sinisamali announced this week to announce that the Administration is currently reviewing the license application submitted by the three encrypted currency exchanges. Quoted by Tanjug News: “The Minister of Finance expects that they will issue the first license within the next few weeks.”

In the question of the legislator, Mali also revealed that the issuer of the four digital token has paid the application fee. The Minister emphasized that Serbia has become one of the first countries in this area through legislation. He added that encrypted currency and digital Curian markets are slow but steadily develop.

Mali is further revealed that Serbia is developing their own login trading platform, which is expected to be launched next year. He also said that the government is taking a growth strategy for the Belgrade Stock Exchange. He is called “the right tool for supporting the development of my country’s financial market.”

Serbia’s “Digital Assets Law” began to take effect at the end of June this year. The legislation defines the encrypted currency such as Bitcoin as a virtual asset and digital value records, you can purchase, sell, transfer, and exchange.

Since then, the number of Serbia who holds a digital currency has increased significantly. The recent media reported an estimate of the representatives of the encryption industry, pointing out that about 200,000 residents of the Southeast European countries now have one or more digital currency.

Investors grow increasing interests and government regulatory efforts to make Serbia closer to regional leaders in an encrypted currency. The supermarket in Croatia, the gas station and other merchants are now accepted by various encrypted currencies. Another former Yugoslav Republic has more than 1,000 locations to support Bitcoin payments, while the Ljubljana Administration is taking steps to simplify the tax system of encrypted monetary assets.