How 'digital' is the new Serbian Law on Digital Assets?

The paper focuses on the legislative changes from 2021 that the Law on Digital Assets introduced into the legal system of the Republic of Serbia and contextualizes the amendments from the perspective of existing practice. Introductory part evaluates the issue of whether blockchain technology can sec...

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Main Author: Motika Željka
Format: Article
Language:English
Published: Union University, Faculty of Law, Belgrade 2022-01-01
Series:Pravni Zapisi
Subjects:
Online Access:https://scindeks-clanci.ceon.rs/data/pdf/2217-2815/2022/2217-28152201093M.pdf
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author Motika Željka
author_facet Motika Željka
author_sort Motika Željka
collection DOAJ
description The paper focuses on the legislative changes from 2021 that the Law on Digital Assets introduced into the legal system of the Republic of Serbia and contextualizes the amendments from the perspective of existing practice. Introductory part evaluates the issue of whether blockchain technology can secure trust and safety in the transactions that are executed via Internet by parties from all over the world, as well as reasons that created the regulatory framework for values that are transferred over distributed ledger technologies infrastructures. Main part of the paper examines in detail the legislative solutions within the Law on Digital Assets as well as key exceptions and terms and their impact on the local economy. The section is followed by an overview of the draft legislation in EU in the field as well as how it may impact Serbian economy as a third country. Aside from concluding remarks on legislative changes domestically, the paper outlines potential upcoming challenges related to blockchain and instruments that may require a different approach in regulation.
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spelling doaj.art-1c9e6a60a3f24413a03681fbdce8790a2022-12-22T03:07:59ZengUnion University, Faculty of Law, BelgradePravni Zapisi2217-28152406-13872022-01-011319311210.5937/pravzap0-381322217-28152201093MHow 'digital' is the new Serbian Law on Digital Assets?Motika Željka0Motika Law Office, Belgrade, SerbiaThe paper focuses on the legislative changes from 2021 that the Law on Digital Assets introduced into the legal system of the Republic of Serbia and contextualizes the amendments from the perspective of existing practice. Introductory part evaluates the issue of whether blockchain technology can secure trust and safety in the transactions that are executed via Internet by parties from all over the world, as well as reasons that created the regulatory framework for values that are transferred over distributed ledger technologies infrastructures. Main part of the paper examines in detail the legislative solutions within the Law on Digital Assets as well as key exceptions and terms and their impact on the local economy. The section is followed by an overview of the draft legislation in EU in the field as well as how it may impact Serbian economy as a third country. Aside from concluding remarks on legislative changes domestically, the paper outlines potential upcoming challenges related to blockchain and instruments that may require a different approach in regulation.https://scindeks-clanci.ceon.rs/data/pdf/2217-2815/2022/2217-28152201093M.pdfdigital assetsicowhite papertokensblockchain
spellingShingle Motika Željka
How 'digital' is the new Serbian Law on Digital Assets?
Pravni Zapisi
digital assets
ico
white paper
tokens
blockchain
title How 'digital' is the new Serbian Law on Digital Assets?
title_full How 'digital' is the new Serbian Law on Digital Assets?
title_fullStr How 'digital' is the new Serbian Law on Digital Assets?
title_full_unstemmed How 'digital' is the new Serbian Law on Digital Assets?
title_short How 'digital' is the new Serbian Law on Digital Assets?
title_sort how digital is the new serbian law on digital assets
topic digital assets
ico
white paper
tokens
blockchain
url https://scindeks-clanci.ceon.rs/data/pdf/2217-2815/2022/2217-28152201093M.pdf
work_keys_str_mv AT motikazeljka howdigitalisthenewserbianlawondigitalassets