New codes for digital assets (virtual currencies and digital tokens) in the payment system of the Republic of Serbia

The National Bank of Serbia, with the consent of the Ministry of Finance, has adopted the Decision on the form, content and manner of use of payment order forms for executing payment transactions in RSD, which expands the classification of transactions in domestic payment system. As part of this decision, effective October 19. 2024, new codes for cashless transactions in the area of digital assets will be applied in Serbia to enable better transparency and monitoring of payments.

Code 229 is designated for monitoring cashless transactions related to both virtual currencies and digital tokens. These changes are part of efforts to enhance the financial system, particularly through more precise monitoring of payments and improved control in the fight against money laundering and the financing of terrorism.

Link to the Decision on the form, content and manner of use of payment order forms for executing payment transactions in RSD: https://pravno-informacioni-sistem.rs/eli/rep/sgrs/narodnabanka/odluka/2015/55/14/reg