kaal:claim:3117224-036

The National Bank of Serbia holds that financial institutions may not participate in ICOs or other cryptocurrency investments because cryptocurrencies are not legal tender.

Source quote, verbatim

Serbia has taken the position that financial institutional are not allowed to participate in ICO's or other cryptocurrency investments because they are not legal tender.

From

Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018), IV. Regulatory Responses, p. 26
https://ssrn.com/abstract=3117224 · source PDF

Cite as

Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018). SSRN: https://ssrn.com/abstract=3117224

Holds when

Serbia

Classification

conditionsupport: evidencedlaw-and-legal-systemsinstitutional-design

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