cryptoassets
The National Bank is constantly considering relevant issues related to cryptoassets, including their treatment on a global scale. Having in mind the topicality of this subject on a global level, in the past period, the team of the Innovation Gateway of the National Bank addressed the most frequently asked questions of the public, in order to give appropriate recommendations to all persons from our country who are interested in cryptoassets.
Today, on its website, the National Bank released the answers to the most frequently asked questions in the public. The answers are available at the following link: Q&As about cryptoassets
In summary, the National Bank indicates to the public that:
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As in many other countries, in our country as well there is no generally accepted definition of cryptoassets. Basically, cryptocassets are considered to be a specific type of intangible asset, based on certain technologies, which is not issued, nor its value is guaranteed by a central bank, or other regulatory body, it is not money and the supply of these assets does not depend on the needs of the economy or monetary system.
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Cryptoassets are not a legal tender in our country. According to the current regulations, payments in the country can be made in the domestic currency - denar.
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As in many other countries, in our country as well there are no regulations which set forth the issuance, investment and trading of cryptoassets.
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Investing in cryptoassets is considered high risk. Everyone who invests or tend to invest in cryptoassets, should be extremely careful and well-informed on the potential risk it is exposed to and the implications of such investments.
The answers to the most frequently asked questions of the public about cryptoassets, published by the National Bank, are views based on the currently available information.
Given that the topic related to cryptoassets on a global scale is constantly evolving, it is likely that the views presented will alter further, depending on the type of standards to be developed for cryptoassets globally.
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