How to apply for a crypto license in Serbia » Welcome to Serbia

How to apply for a crypto license in Serbia

To operate a cryptocurrency business in Serbia, obtaining a crypto license in Serbia is mandatory under the Law on Digital Assets. Here’s a detailed outline of the licensing process for crypto businesses in Serbia:



Types of Licenses


  1. Virtual Currency Services License: Required for businesses providing services related to virtual currencies, such as exchanges, wallet providers, and other related services.
  2. Digital Token Services License: Required for businesses involved with digital tokens, including issuance, trading platforms, and other token-related services.



Regulatory Authorities


The National Bank of Serbia (NBS): supervises entities providing virtual currency services.

Securities Commission: Regulates businesses involved with digital tokens and financial instruments.




Licensing Requirements


  1. Business Registration:

– The entity must be registered in Serbia.

– It must have a legal structure, such as a limited liability company (LLC) or joint-stock company.


  1. Capital Requirements:

– Minimum capital requirements must be met, which can vary depending on the type of service provided.

– Specific amounts are determined by the regulatory authority.


  1. Operational Standards:

– The entity must have an operational framework, including secure IT systems, risk management protocols, and internal controls.

– Compliance with cybersecurity standards is essential.


  1. Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF):

– Implement comprehensive AML and CTF policies.

– Conduct customer due diligence (CDD) and know your customer (KYC) procedures.

– Report suspicious activities to the relevant authorities.


  1. Management and Staffing:

– The business must have qualified and experienced management.

– Key personnel must pass fit and proper tests to ensure they are capable of performing their roles.


  1. Documentation and Disclosures:

– Provide detailed business plans, including descriptions of services, operational procedures, and financial projections.

– Disclose information about the company’s beneficial owners and key management.




Licensing Process


  1. Application Submission:

– Submit a detailed application to the relevant regulatory authority (the NBS or Securities Commission).

– Include all necessary documentation, such as business registration certificates, financial statements, AML/CTF policies, and proof of capital.


  1. Review and Evaluation:

– The regulatory authority reviews the application to ensure compliance with legal and regulatory requirements.

– This process may involve in-depth checks and interviews with key personnel.


  1. Approval and Issuance:

– If the application meets all requirements, the regulatory authority grants the license.

– The business can then legally operate in the cryptocurrency space in Serbia.






To operate a cryptocurrency business in Serbia, entities must obtain the appropriate license from either the National Bank of Serbia or the Securities Commission, depending on their services. The process involves meeting strict requirements related to business registration, capital, operational standards, AML/CTF compliance, and ongoing regulatory adherence. This regulatory framework aims to ensure the integrity and security of the cryptocurrency market in Serbia.


The Welcome to Serbia team can provide you with the practical know-how to start your Serbian cryptocurrency business or exchange. We are doing it now in compliance with current laws, and we have more than 5 clients who already have their own cryptocurrency business in Serbia. We are here to assist you in building a successful cryptocurrency business.


For more information, please contact us.

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