Crypto Regulations in Bosnia and Herzegovina
The Central Bank of Bosnia and Herzegovina has instructed that the convertible mark (the currency of Bosnia and Herzegovina) is the only legal means of payment in the country, and that it does not allow for the exchange of bitcoins or other cryptocurrencies for convertible marks.
Source: Bitcoinist
There is currently no regulation with respect to the use of cryptocurrencies in Bosnia and Herzegovina. The Central Bank of Bosnia and Herzegovina has instructed that the convertible mark (the currency of Bosnia and Herzegovina) is the only legal means of payment in the country, and that it does not allow for the exchange of bitcoins or other cryptocurrencies for convertible marks. At the same time, the Bank stated that there were no plans to limit or prevent the purchase of and trading in virtual currencies. Nonetheless, it further warned of risks related to cryptocurrencies.
Source: Freeman Law
There is no regulation on the use of bitcoins or other cryptocurrencies on our Bosnia and Herzegovina. We are a legal firm specialized in Blockchain, cryptocurrencies, smart contracts and tokenization. According to some public studies the crypto-related action in this region has a 4.6/10 safety rank. There are 2 ICOs and 0 Exchange offices placed in this country and 21 ICOs have forbidden Bosnia and Herzegovina residents to participate in their crowdfunding project. Today the analysis tool has graded Bosnia and Herzegovina on the 60 number 249 out of countries by the safety rank.
Source: Ferrer-Bonsoms
The use and operation of cryptocurrencies are not regulated by the current legislation in the Federation of BiH. The issue of the use of digital money and cryptocurrencies is a special challenge in other regulated financial systems, except in cases where central banks issue cryptocurrencies.
Source: Bitcoin
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The use and operation of cryptocurrencies are not regulated by the current legislation in the Federation of BiH. The issue of the use of digital money and cryptocurrencies is a special challenge in other regulated financial systems, except in cases where central banks issue cryptocurrencies.
Source: Bitcoin
Digitalisation creates a new environment in which the development of advanced technology is becoming a reality. In that sense, a system of recording information that makes it difficult or impossible to change, hack or cheat is commonly known under blockchain technology. Recently, there has been much hype around blockchain technology since it became helpful for creating digital money, widely called cryptocurrencies.
Source: T and F Online
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