Serbia: NBS advises citizens to keep out of Bitcoin

Thursday 9 October 2014 13:49 CET | News

The National Bank of Serbia (NBS) has recently issued official statements concerning Bitcoin, advising users to avoid the cryptocurrency use.

The NBS, citing statements from the European Banking Authority, claims that Bitcoin is not considered legal tender under the country’s laws, reports.

Moreover, the NBS warning highlights that banks and licensed exchange dealers are prohibited from transacting in Bitcoin and that consumers who choose to use digital currency do so at their own risk.

Serbia’s payments ecosystem is underdeveloped, with a PayPal delegation only visiting the market for the first time in April 2014 to discuss whether it would allow local residents to begin receiving money through its service.

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Keywords: Serbia, NBS, citizens, Bitcoin, statement, use, cryptocurrency, digital currency, legal tender, ban, risk
Categories: DeFi & Crypto & Web3
Countries: World
This article is part of category

DeFi & Crypto & Web3