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BELGRADE: Serbia will soon officially recognize bitcoin wealth. The draft bill on digital property, which enables the trade of digital currencies, is ready and is accompanied by costs that we did not know until now.
The bottom line is that if you receive bitcoin as a gift, you also have to pay taxes. The new obligation is provided for by the aforementioned law, and is another tax that citizens must take into account, writes Blic.
And it is not impossible to get bitcoins as a gift. Remember the history when citizens of Serbia used to receive mutual fund units as gifts from friends and colleagues on some special dates. And that happened right at the beginning of the development of this industry in our country.
A digital asset is a digital record that can be bought, sold, traded, or transferred digitally. They can be used as a medium of exchange or for investment purposes, but they are not legal tender.
The law also states that digital property is not necessarily tied to a legal tender and does not have the legal status of money or currency, but citizens and businesses accept it as a medium of exchange.
The Finance Ministry says that regulating this issue will allow easier financing for many innovative companies.
There are online services where you can buy and sell cryptocurrencies. Additionally, there are vending machines in various cities (Belgrade, Novi Sad, Nis, Subotica and Indjija) where cryptocurrencies are bought and sold for cash. According to the Law on the Prevention of Money Laundering and Financing of Terrorism, which has been applied since April 1, 2018, it is necessary for users to go through the verification procedure, similar to opening a bank account. Also, if you are buying cryptocurrencies, you must have a crypto wallet that they transfer to when you make a purchase. Payment can be made to a bank account or payment card. If you sell through an online service, a bank account is necessary, because it is used to pay the equivalent in dinars.
There are also alternative ways of trading, for example: people meet through ads, so they trade without intermediaries. Although this option is the most economically advantageous, since it allows the exchange without commissions, you must be very careful. It often happened that in such transactions one of the parties was left without cryptocurrency and without cash.
Statistics show that cryptocurrency users are mostly men in their twenties and thirties who are solidly tech-savvy. However, in periods when the price rises sharply, a large number of people also appear outside the previous category.
Cryptocurrencies are It can be paid mainly in some restaurants and cafes, although it is possible to buy computer equipment or pay a membership fee in the gym. When it comes to online payments, there are virtually no restrictions. Almost anything you can pay with other methods, you can pay with cryptocurrencies, either through merchants who sell directly for cryptocurrencies, or through intermediary services that allow it, explained Aleksandar Matanović, one of the founders of the Serbian Bitcoin Association. , for Blic Biznis.
(Kurir.rs/Blic)
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