Cryptocurrencies are increasingly becoming part of the global financial system, and countries in the Balkan region are demonstrating a variety of approaches to their regulation.
Serbia
Status: Officially recognized and regulated.
Legislation: Law on Digital Assets (2020).
Regulators: The National Bank of Serbia and the Securities Commission.
Taxes:
Capital gains tax: 15%.
Income tax: 15%.
Penalties: Up to 5 million dinars ($46,400) or 20% of annual income for operating without a license.
Croatia
Status: Not recognized as legal tender, but not prohibited.
Regulation: There is no special law, operations are regulated by general rules.
Taxes: Income from cryptocurrencies is subject to capital gains tax.
Albania
Status: Regulated by law (2020).
Regulators: Financial Supervision Authority and National Agency for Information Society.
Taxes:
Capital gains tax: 15%.
Corporate tax: 15%.
Sanctions: Administrative fines and restrictions on activities.
Status: There is no special legislation, operations with cryptocurrencies are not prohibited.
Warnings: The central bank notes the risks associated with cryptocurrencies.
Bosnia and Herzegovina
Status: Not legal tender, no exchange for official currency is possible.
Taxes: The tax on income from transactions is 10%.
Regulation: There is no legislation, but trading and buying cryptocurrencies is allowed.
Republika Srpska (part of Bosnia and Herzegovina)
Status: Cryptocurrencies are legalized (amendments to the law on the securities market, 2022).
Supervision: Securities Commission.
Taxes: Income tax is 10%.
North Macedonia
Status: Not recognized as legal tender.
Regulation: There is no regulation, cryptocurrency activities are not prohibited.
Kosovo
Status: Not recognized as legal tender, no special legislation.
Restrictions: A complete ban on mining has been introduced since 2022 due to the energy crisis.
Approaches to cryptocurrencies in the Balkans vary:
Serbia and Albania establish a clear legal framework, ensuring the legality of operations.
Montenegro and North Macedonia have no special regulation, but do not prohibit its use.
Kosovo restricts activities due to the energy crisis.
It is important for potential users and investors to study local laws and consult with experts to work safely and legally with cryptocurrencies in the region.
Source: https://t.me/relocationrs/434
