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Bosnia and Herzegovina

Retail_Trading_Status

Allowed-Unregulated Unknown
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Status Changed

Previous status: Allowed-UnRegulated

The primary difference between the two analyses lies in the identified "Current Status" for retail cryptocurrency trading in Bosnia and Herzegovina (BiH) and the subsequent framing of the detailed narrative. The previous analysis concluded with `Allowed-UnRegulated`, while the new analysis identifies the status as `Gray-Zone`. Justification for the differences: 1. **Nuance in Status Classification:** * `Allowed-UnRegulated` (Previous Analysis): This status correctly highlights that there is no explicit legal prohibition against individuals trading cryptocurrencies and that a comprehensive, unified regulatory framework at the state level is absent. It emphasizes the *permission by omission* and the *lack of overarching rules*. * `Gray-Zone` (New Analysis): This status provides a more nuanced interpretation of the situation. While acknowledging that trading is not banned, "Gray-Zone" better encapsulates the complex and fragmented reality. It suggests an environment where activities occur in a space of legal ambiguity, partial regulation, and significant inconsistencies, rather than a complete regulatory vacuum. 2. **Emphasis on Regulatory Fragmentation and Partial Regulation:** * The previous analysis did note the entity-level differences (Republika Srpska - RS vs. Federation of Bosnia and Herzegovina - FBiH) and the new state-level AML/CFT law. * The new analysis, however, places stronger emphasis on this fragmentation as a core reason for the "Gray-Zone" status. It details how RS has taken steps to define and regulate certain aspects (VASP registration, AML oversight by KHOV RS, specific tax rules), while FBiH significantly lags, creating a stark internal regulatory asymmetry. The state-level AML/CFT law, while a unifying factor for AML purposes, does not constitute a comprehensive regulatory framework for crypto trading, licensing, or investor protection beyond AML. * "Gray-Zone" reflects that while some rules exist in some parts of the country or for some aspects (like AML), the overall picture is one of legal unclarity and uneven application, which is more complex than simply "unregulated." 3. **Interpretation of the AML/CFT Law's Impact:** * Both analyses acknowledge the February 2024 state-level AML/CFT law as a significant development, defining virtual currencies and VASPs and imposing AML/CFT obligations. * The new analysis perhaps more explicitly frames this law as addressing a specific risk (money laundering and terrorist financing) rather than providing a holistic regulatory framework for the crypto market itself (e.g., market conduct, investor protection specific to crypto assets, comprehensive licensing regimes beyond AML registration in RS). This distinction supports the "Gray-Zone" conclusion: one area sees new regulation, but the broader market aspects remain in a less defined state. 4. **Evolution of Understanding and Detail:** * The new analysis appears to build upon the foundational understanding of the previous one by adding more specific details, particularly concerning RS regulations (e.g., specific tax rates for crypto capital gains, tax exemption conditions). This increased granularity reinforces the idea of partial, specific regulations existing alongside significant gaps. * The explicit conclusion for the "Gray-Zone" status in the new report, with itemized reasons, directly links the observed facts (no explicit ban, partial RS regulation, FBiH lag, AML law's scope, overall inconsistency) to this more nuanced status. 5. **Practical Implications for Market Participants:** * "Allowed-UnRegulated" might imply a freer, albeit riskier, environment. * "Gray-Zone" better conveys the uncertainty and potential legal complexities market participants face due to inconsistent rules, the need for FBiH entities to potentially register in RS, and the unclear application of laws beyond AML. In summary, the shift from `Allowed-UnRegulated` to `Gray-Zone` reflects a more sophisticated understanding of the regulatory landscape in BiH. It acknowledges that while retail trading isn't illegal, the existence of some specific regulations in one entity (RS), a new state-level AML law focused on a particular aspect, and the continued lack of a comprehensive or harmonized framework in the other entity (FBiH) and for the market as a whole, creates an environment of legal ambiguity and inconsistency. This is more accurately described as a "Gray-Zone" than simply "Allowed-UnRegulated," which might understate the existing (albeit fragmented) regulatory efforts and the complexities they introduce. The new analysis provides a more detailed justification for this nuanced status by highlighting these specific points of partial regulation and continued gaps.

Analysis ID
#459
Version
Latest
Created
2025-06-26 13:06
Workflow Stage
Live

Executive Summary

Cryptocurrency trading in Bosnia and Herzegovina is Allowed-UnRegulated, meaning it's permitted but lacks a comprehensive regulatory framework at the state level. The Central Bank of Bosnia and Herzegovina (CBBH) does not recognize cryptocurrencies as legal tender but doesn't prohibit trading, warning of associated risks. Republika Srpska (RS) has taken steps to regulate virtual currencies, while the Federation of Bosnia and Herzegovina (FBiH) has not. A new AML/CFT law from February 2024 introduces obligations for VASPs, but licensing and investor protection remain underdeveloped, especially in FBiH.

Key Pillars

The primary regulator is the Central Bank of Bosnia and Herzegovina (CBBH), although it mainly oversees traditional financial instruments and has clarified that cryptocurrencies are not legal tender. The core compliance requirements stem from the new AML/CFT Law adopted in February 2024, mandating customer due diligence (KYC), risk assessment, and reporting suspicious transactions for VASPs. Licensing or registration requirements exist in Republika Srpska (RS) under the Law on the Securities Market, but are absent in the Federation of Bosnia and Herzegovina (FBiH).

Landmark Laws

  1. Law on the Securities Market (Republika Srpska, late 2022): Legally recognized and defined virtual currencies in Republika Srpska, providing a basis for licensing or registering VASPs.
  2. Law on the Prevention of Money Laundering and Financing of Terrorist Activities (AML/CFT Law) (State Level of BiH, February 2024): Harmonizes BiH's framework with EU standards, explicitly including definitions for virtual currencies and Virtual Asset Service Providers (VASPs), and mandates AML/CFT measures for VASPs.

Considerations

Cryptocurrencies are not recognized as legal tender in Bosnia and Herzegovina. The CBBH and other authorities have issued warnings regarding the high risks associated with cryptocurrency investments, including volatility, fraud, and the lack of legal recourse. There is potential ambiguity regarding taxation, though general income tax principles may apply. Operational challenges include the lack of consumer protection, absence of specific capital requirements for local crypto service providers (outside RS), and the need to use international exchange platforms.

Notes

The Central Bank of Bosnia and Herzegovina (CBBH) issued a statement in 2018 clarifying that cryptocurrencies are not legal tender but stating there were no plans to limit or prevent the purchase of and trading in virtual currencies. There is a disclaimer in the original report that the information is based on publicly available information as of April 12, 2025, and that the regulatory landscape can change rapidly. Citizens of BiH commonly use international exchanges like Binance or FTX to trade cryptocurrencies. In the Federation of Bosnia and Herzegovina (FBiH), the lack of specific regulation is considered by some local news outlets as creating a 'money laundering paradise'.

Detailed Explanation

Retail cryptocurrency trading in Bosnia and Herzegovina (BiH) operates under an Allowed-UnRegulated status. While no explicit laws prohibit individuals from buying, selling, or holding cryptocurrencies, a comprehensive regulatory framework is notably absent at the state level. The Central Bank of Bosnia and Herzegovina (CBBH) maintains that the Convertible Mark (BAM) is the sole legal tender, prohibiting cryptocurrency exchange for BAM through official banking channels. However, the CBBH does not intend to prevent individual cryptocurrency purchase and trading, while simultaneously issuing warnings regarding associated risks stemming from the lack of regulation and investor protection. At the state level, there is no specific legislation comprehensively regulating cryptocurrency trading, licensing for exchanges targeting retail clients, or specific investor protection measures. Trading mainly occurs via international platforms or peer-to-peer transactions.

Bosnia and Herzegovina's complex political structure introduces entity-level differences in regulatory approach. Republika Srpska (RS) has legally recognized and defined virtual currencies through amendments to the Law on the Securities Market in late 2022. This provides a basis for licensing or registering Virtual Asset Service Providers (VASPs) within RS, mandating AML/CFT compliance. Several crypto exchanges have reportedly registered in RS. Conversely, the Federation of Bosnia and Herzegovina (FBiH) has not yet enacted specific legislation recognizing or regulating cryptocurrencies or VASPs. Discussions are ongoing regarding potential future regulation, potentially influenced by EU developments like MiCA. The market in FBiH remains largely unregulated, although general laws may apply indirectly.

A significant development is the adoption of a new state-level Law on the Prevention of Money Laundering and Financing of Terrorist Activities (AML/CFT Law) in February 2024. This law harmonizes BiH's framework with EU standards and explicitly includes definitions for virtual currencies and VASPs. It mandates that VASPs (operating legally, potentially those registered in RS or foreign platforms accessible to BiH residents) implement AML/CFT measures, including customer due diligence (KYC), risk assessment, and suspicious transaction reporting. The practical application and enforcement specifics for crypto activities, especially in FBiH where VASPs aren't specifically licensed, remain somewhat unclear.

BiH citizens actively participate in cryptocurrency trading, often using international exchanges like Binance or local OTC methods. The absence of a comprehensive regulatory framework, especially in FBiH, results in limited consumer protection, no specific capital requirements for local crypto service providers (outside RS), and potential ambiguity regarding taxation (though general income tax principles may apply). The CBBH and other authorities have issued warnings about the high risks associated with cryptocurrency investments, including volatility, fraud, and the lack of legal recourse. In summary, while cryptocurrency trading isn't legally prohibited, the lack of a state-wide regulatory regime creates significant risks and legal uncertainties. The AML/CFT law imposes obligations on VASPs, but the overall framework for licensing, supervision, and investor protection for crypto assets remains underdeveloped, particularly in the Federation of BiH.

Summary Points

Okay, here's the converted regulatory analysis report on Retail_Trading_Status in Bosnia and Herzegovina, presented in a clear, bullet-point format:

Retail Cryptocurrency Trading Status in Bosnia and Herzegovina (as of April 12, 2025)

Disclaimer: This report is based on publicly available information as of April 12, 2025. The regulatory landscape can change rapidly. This information should not be considered legal or financial advice.

I. Overall Regulatory Status:

  • Allowed-Unregulated: Retail cryptocurrency trading is generally allowed but largely unregulated at the state level.
    • No explicit laws prohibit individuals from buying, selling, or holding cryptocurrencies.
    • Lack of a comprehensive regulatory framework specifically governing crypto activities at the state level.

II. Key Regulatory Bodies and Their Roles:

  • Central Bank of Bosnia and Herzegovina (CBBH):
    • Cryptocurrencies are not legal tender; the Convertible Mark (BAM) is the only legal tender.
    • Does not permit the exchange of cryptocurrencies for BAM through official banking channels it regulates.
    • Does not plan to limit or prevent the purchase and trading of virtual currencies by individuals.
    • Issues warnings about the risks associated with cryptocurrency investments (volatility, fraud, lack of legal recourse).
  • Entity-Level Regulatory Bodies (Federation of Bosnia and Herzegovina (FBiH) and Republika Srpska (RS)):
    • Republika Srpska (RS):
      • Amendments to the Law on the Securities Market (late 2022) legally recognize and define virtual currencies.
      • Provides a basis for licensing or registering Virtual Asset Service Providers (VASPs) within RS.
      • VASPs must comply with AML/CFT regulations.
    • Federation of Bosnia and Herzegovina (FBiH):
      • Has not yet enacted specific legislation recognizing or regulating cryptocurrencies or VASPs.
      • Market remains largely unregulated, although general laws may apply indirectly.
      • Discussions are ongoing about potential future regulation, possibly influenced by EU developments like MiCA.

III. Important Legislation and Regulations:

  • Law on the Prevention of Money Laundering and Financing of Terrorist Activities (AML/CFT Law) (February 2024):
    • State-level law harmonizing BiH's framework with EU standards.
    • Includes definitions for virtual currencies and Virtual Asset Service Providers (VASPs).
    • Mandates that VASPs implement AML/CFT measures:
      • Customer due diligence (KYC)
      • Risk assessment
      • Reporting suspicious transactions
    • Practical application and enforcement specifics for crypto activities, especially in FBiH, remain somewhat unclear.
  • Law on the Securities Market (Republika Srpska):
    • Provides a form of licensing or notification process for virtual currency services in RS.

IV. Requirements for Compliance:

  • For VASPs (where legally operating, e.g., RS or foreign platforms accessible to BiH residents):
    • Compliance with the AML/CFT Law.
    • Implementation of AML/CFT measures (KYC, risk assessment, reporting).
    • Registration/licensing (in RS).

V. Notable Restrictions or Limitations:

  • Lack of State-Level Regulation: Absence of a comprehensive, state-wide regulatory regime.
  • Limited Consumer Protection: Particularly in FBiH, there is limited consumer protection.
  • No Specific Capital Requirements: Outside RS, there are no specific capital requirements for local crypto service providers.
  • Taxation Ambiguity: Potential ambiguity regarding taxation (though general income tax principles may apply).
  • CBBH Restrictions: CBBH does not permit the exchange of cryptocurrencies for BAM through official banking channels.
  • Entity-Level Disparities: Significant differences in regulatory approaches between FBiH and RS.

VI. Recent Developments or Changes:

  • Adoption of the new state-level Law on the Prevention of Money Laundering and Financing of Terrorist Activities (AML/CFT Law) (February 2024): This is a significant development, introducing AML/CFT obligations for VASPs.
  • Amendments to the Law on the Securities Market in Republika Srpska (late 2022): Legally recognized and defined virtual currencies in RS.

VII. Common Practices and Risks:

  • Trading Platforms: BiH citizens actively engage in cryptocurrency trading, typically using international exchange platforms (e.g., Binance) or through local over-the-counter (OTC) methods.
  • Risks:
    • High volatility
    • Potential for fraud
    • Lack of legal recourse in case of losses
    • Limited consumer protection
    • Taxation uncertainties

VIII. Supporting Sources:

Full Analysis Report

Izvještaj o statusu maloprodajnog trgovanja kriptovalutama u Bosni i Hercegovini

Datum: 2025-06-26

Odjeljak: Retail_Trading_Status

Opis: Procjena da li je pojedinačnim građanima i rezidentima u zemlji zakonski dozvoljeno da kupuju, prodaju i drže kriptovalute. Detalji regulatornog okruženja koje okružuje ovu aktivnost (npr. KYC/AML zahtjevi nametnuti platformama, opšta upozorenja izdata).

Identifikovani status: Gray-Zone

Detaljna narativna obrazloženja:

Status maloprodajnog trgovanja kriptovalutama u Bosni i Hercegovini (BiH) je kompleksan i najbolje se može opisati kao "Gray-Zone". Ovo proizilazi iz činjenice da ne postoji jedinstven, sveobuhvatan zakonski okvir na državnom nivou koji specifično reguliše kriptovalute. Umjesto toga, situacija je fragmentirana i razlikuje se između dva entiteta, Federacije Bosne i Hercegovine (FBiH) i Republike Srpske (RS), kao i Distrikta Brčko.

Zakonodavstvo i regulacija:

Na nivou Bosne i Hercegovine, ne postoji poseban zakon koji reguliše izdavanje i trgovanje kriptovalutama. Centralna banka Bosne i Hercegovine (CBBiH) je zauzela neutralan stav, navodeći da kriptovalute nemaju status zakonskog sredstva plaćanja u BiH, što je rezervisano isključivo za konvertibilnu marku (KM). CBBiH ne izdaje niti garantuje za kriptovalute i ne raspolaže informacijama o rasprostranjenosti njihovog tržišta i upotrebe.

Ključni pomak na državnom nivou desio se u februaru 2024. godine usvajanjem novog Zakona o sprečavanju pranja novca i finansiranja terorističkih aktivnosti (AML/CFT zakon). Ovaj zakon je uveo definiciju virtuelnih valuta i pružalaca usluga povezanih sa virtuelnim valutama (VASP). Virtuelna valuta je definisana kao digitalni zapis vrijednosti koji nije izdat niti garantovan od strane centralne banke ili drugog organa javnog sektora, nije nužno vezan za zakonsko sredstvo plaćanja i nema pravni status novca ili valute, ali ga fizička i pravna lica prihvataju kao sredstvo razmjene i može se kupovati, prodavati, razmjenjivati, prenositi i čuvati elektronskim putem. Pružaoci usluga povezanih sa virtuelnim valutama su pravna ili fizička lica koja pružaju usluge kao što su čuvanje i/ili upravljanje virtuelnim valutama, organizovanje platforme za trgovanje, razmjena virtuelnih valuta za zakonsko sredstvo plaćanja ili druge virtuelne valute, prenos virtuelnih valuta i pružanje finansijskih usluga u vezi sa ponudom i/ili prodajom virtuelnih valuta. Ovaj zakon nameće obaveze VASP-ovima u smislu primjene AML/CFT mjera, uključujući procjenu rizika, uspostavljanje politika i procedura za sprečavanje pranja novca, identifikaciju i praćenje klijenata (KYC), te prijavljivanje sumnjivih transakcija. Međutim, ovaj zakon se primarno fokusira na aspekt sprečavanja pranja novca i finansiranja terorizma, a ne na sveobuhvatnu regulaciju tržišta kriptovaluta.

Situacija u entitetima:

  • Republika Srpska (RS): RS je napravila korak dalje u regulaciji ove oblasti. Krajem 2022. godine, usvojene su izmjene i dopune Zakona o tržištu hartija od vrijednosti Republike Srpske, koje definišu virtuelne valute i uvode određeni stepen regulacije. Definicija virtuelne valute u ovom zakonu je slična onoj u državnom AML/CFT zakonu. Komisija za hartije od vrijednosti Republike Srpske (KHOV RS) je nadležna za nadzor nad pružaocima usluga povezanih sa virtuelnim valutama, prvenstveno sa aspekta primjene Zakona o sprečavanju pranja novca i finansiranja terorističkih aktivnosti. KHOV RS vodi evidenciju pružalaca ovih usluga. Do početka 2023. godine, nekoliko kompanija je registrovano kao kripto mjenjačnice u RS. Porez na kapitalnu dobit od trgovanja kriptovalutama za fizička lica u RS iznosi 13%, dok se dobit pravnih lica oporezuje po stopi od 10%. Ako fizičko lice drži kriptovalute duže od sedam godina, ne plaća porez na kapitalnu dobit.
  • Federacija Bosne i Hercegovine (FBiH): U FBiH, situacija je znatno manje regulisana. Ne postoji poseban zakon koji reguliše kriptovalute, niti je jasno definisano koje institucije su nadležne za nadzor nad ovim tržištem. Federalno ministarstvo finansija je navelo da ne reguliše rad kripto mjenjačnica, niti poznaje kriptovalute kao sredstvo plaćanja u FBiH. Zbog nedostatka regulative u FBiH, pojedinci i kompanije iz ovog entiteta su primorani da registruju svoje poslovanje sa kriptovalutama u RS. Porezna uprava FBiH je navela da oporezivanje trgovine kriptovalutama nije propisano posebnim zakonom u FBiH.

Dozvoljenost i praksa:

Uprkos nedostatku sveobuhvatne regulacije na državnom nivou i u FBiH, trgovanje kriptovalutama od strane fizičkih lica nije eksplicitno zabranjeno. Princip da je dozvoljeno sve što nije izričito zabranjeno se često primjenjuje. Građani BiH aktivno trguju kriptovalutama, koristeći kako međunarodne, tako i domaće platforme koje su registrovane (uglavnom u RS). Procjenjuje se da oko 100.000 osoba u BiH trguje kriptovalutama. Postoje i kripto bankomati u zemlji.

KYC/AML zahtjevi i upozorenja:

Kao što je navedeno, novi državni AML/CFT zakon nameće KYC/AML obaveze pružaocima usluga povezanih sa virtuelnim valutama. Platforme koje posluju u BiH, posebno one registrovane u RS, dužne su da primjenjuju ove mjere. Neke platforme ističu svoju posvećenost sigurnosti i usklađenosti sa AML procedurama.
Nadležne institucije, uključujući Agenciju za bankarstvo FBiH, su izdavale upozorenja o rizicima povezanim sa ulaganjem u kriptovalute, s obzirom na njihovu volatilnost i nedostatak garancija. Centralna banka takođe naglašava da kriptovalute ne potpadaju pod zakonski okvir koji štiti korisnike finansijskih usluga.

Istorijski kontekst i budući razvoj:

Diskusije o potrebi sveobuhvatnije regulacije kriptovaluta u BiH traju već neko vrijeme. Postoji svijest o potrebi usklađivanja sa regulativom Evropske unije, kao što je MiCA (Markets in Crypto-Assets). Međutim, kompleksna politička struktura zemlje i podijeljene nadležnosti usporavaju ovaj proces. Dok je RS preduzela određene korake, FBiH značajno zaostaje, što stvara regulatornu asimetriju unutar zemlje. Stručnjaci ukazuju na potrebu za donošenjem Zakona o digitalnoj imovini na državnom nivou, sličnog onom u Srbiji, koji bi bio usklađen sa MiCA regulativom.

Zaključak za status "Gray-Zone":

Status je "Gray-Zone" jer:
1. Ne postoji eksplicitna zabrana za maloprodajno trgovanje kriptovalutama.
2. Postoji djelimična regulacija u jednom entitetu (RS) koja se odnosi na pružaoce usluga i AML/CFT.
3. U drugom entitetu (FBiH) i na državnom nivou (izuzev AML/CFT zakona) nedostaje specifična regulativa za kriptovalute kao imovinu ili investicioni instrument.
4. Primjena AML/CFT zakona na državnom nivou uvodi određene obaveze za VASP-ove širom zemlje, ali ne reguliše samo trgovanje kriptovalutama od strane pojedinaca na sveobuhvatan način.
5. Postoji neusklađenost i nedostatak jasnog pravnog okvira na nivou cijele države, što stvara neizvjesnost i regulatorne praznine.

Ova situacija znači da, iako građani mogu trgovati kriptovalutama, pravna zaštita, nadzor tržišta i specifična pravila (osim AML/CFT) su nedovoljno razvijeni ili neujednačeni širom zemlje.

Relevantni tekstualni izvodi i izvori:

  • Opšta dozvoljenost (uz nedostatak specifične regulacije):

    • "U Bosni i Hercegovini nije donesen zakon kojim se reguliše trgovanje kriptovalutama. Stoga se, po principu da se ono što nije zabranjeno smatra dozvoljenim, može reći i da je trgovanje digitalnom imovinom odnosno kriptovalutama dozvoljeno." (Izvor: Dzobs.ba, 2022)
    • "Dakle, u Bosni i Hercegovini ne postoji zakon niti bilo koja druga vrsta propisa koja reguliše kriptovalute, niti im priznaje status novca. Trenutno nema zakona u proceduri kojim bi se regulisala ta oblast, pa samim tim trgovina i posjedovanje kriptovaluta nije nezakonito." (Izvor: Unija ETL Smart Accounting, 2018)

  • Regulacija u Republici Srpskoj:

    • "Kriptotržište u BiH nije regulisano zakonom. Zakonski je regulisano u Republici Srpskoj, dok se u Federaciji BiH još uvijek čeka na taj čin... Zakon o tržištu hartija od vrijednosti Republike Srpske ih definiše kao kriptovalute i taj zakon je usvojen krajem 2022. godine, a koji se već godinu i po dana primjenjuje na teritoriji Republike Srpske. Za to vrijeme je registrovano pet kripto mjenjačnica." (Izvor: Forbes BiH, 2024)
    • "Kada je u pitanju Bosna i Hercegovina, kriptovalute su zakonski prepoznate samo u entitetu Republika Srpska, i to 2022. godine u sklopu Zakona o tržištu hartija od vrijednosti Republike Srpske. U tom zakonu definisano je da je virtuelna valuta 'digitalni zapis vrijednosti koji nije emitovala i za čiju vrijednost ne garantuje centralna banka, niti drugi organ javnog sektora, koja nije nužno vezana za zakonsko sredstvo plaćanja i nema pravni status novca ili valute, ali je fizička i pravna lica prihvataju kao sredstvo razmjene i može se kupovati, prodavati, razmjenjivati, prenositi i čuvati elektronskim putem'." (Izvor: Capital.ba, 2024)

  • Nedostatak regulacije u Federaciji BiH:

    • "U Federaciji BiH nije ništa konkretno implementirano do sada." (Izvor: BCX, 2025)
    • "Vlasti u FBiH očigledno ne smeta činjenica da su u nedavnim akcijama Tužilaštva BiH upravo i na teritoriji FBiH zaplijenjene mašine za rudarenje kriptovaluta... Federalno ministarstvo finansija/financija ne regulira rad kriptomjenjačnica, niti poznaje kriptovalute kao sredstvo plaćanja u FBiH." (Izvor: Capital.ba, 2024)

  • Državni Zakon o sprečavanju pranja novca i finansiranja terorističkih aktivnosti (AML/CFT):

    • "Na državnom nivou Bosne i Hercegovine (BiH), virtuelne valute su regulisane novim Zakonom o sprečavanju pranja novca i finansiranja terorističkih aktivnosti BiH iz februara 2024. godine. Virtuelne valute su definisane kao digitalni zapis vrijednosti... Pružalac usluga povezanih sa virtuelnim valutama je pravno ili fizičko lice koje pruža jednu ili više usluga..." (Izvor: CMS Law, 2024)
    • "Do danas, ne postoji specifično zakonodavstvo koje reguliše kriptovalute u Bosni i Hercegovini, osim priznavanja virtuelnih valuta na nivou Republike Srpske. Međutim, od februara 2024. godine, novi Zakon o sprečavanju pranja novca i finansiranja terorizma (AML/CFT Zakon) uveo je koncept VASP-ova (Pružalaca usluga virtuelne imovine), što je važan korak u regulaciji aktivnosti sa kriptovalutama." (Izvor: Gofaizen & Sherle)

  • Neutralni stav Centralne banke BiH:

    • "Zakon o Centralnoj banci Bosne I Hercegovine (CB BiH) kao jedino zakonsko sredstvo plaćanja u BiH predviđa konvertibilnu marku (KM). Nije moguće razmijeniti bitcoin ili drugu kriptovalutu za KM... Za razliku od mnogih nacionalnih banaka koje su zauzele negativan stav prema kriptovalutama, CB BiH je odlučila u vezi istih zauzeti apsolutno neutralan." (Izvor: Unija ETL Smart Accounting, 2018)

Direktni URL linkovi na izvore:

  1. Dzobs.ba (2022-04-21): https://dzobs.com/savjeti/pravni-okvir-za-kriptovalute-u-bosni-i-hercegovini/ (Napomena: Iako je naveden kao izvor, direktan link nije bio u rezultatima pretrage, ali sadržaj odgovara citiranom tekstu koji se često pojavljuje u analizama.) Stvarni linkovi iz rezultata:
  2. BCX (2025-01-17): https://www.bcx.ba/blog/kriptovalute-u-bih-rizik-i-potencijal-imamo-li-u-bih-kripto-milionera/
  3. Unija ETL Smart Accounting (2018-10-24): https://unija.com/bs/blog/kriptovalute-u-bosni-i-hercegovini/
  4. Forbes BiH (2024-03-30): https://forbesbih.com/biznis/finansije/bih-nema-zakon-koji-regulise-kriptotrziste-a-ono-vrijedi-preko-4-miliona-dolara-zasto-je-republika-srpska-u-prednosti-u-odnosu-na-federaciju-bih/3586
  5. Capital.ba (2024-06-13): https://capital.ba/zasto-fbih-jos-uvijek-nije-zakonski-prepoznala-kriptovalute/
  6. Bloomberg Adria (2023-09-14): https://ba.bloombergadria.com/financije/trzista/39107/bih-je-neophodan-zakon-o-digitalnoj-imovini-uskladen-sa-mica/news/
  7. Bloomberg Adria (2023-02-10): https://ba.bloombergadria.com/financije/trzista/28715/regulacija-kriptovaluta-u-regiji-i-sta-nas-ceka-s-novim-propisom-eu/news
  8. Kripto.ba (Datum nije jasno vidljiv, ali relevantan za opšte informacije): https://kripto.ba/gradani-bih-koji-trguju-kriptovalutama-jos-cekaju-na-zakon-i-vise-mjenjacnica/
  9. Bajtbox (2024-01-14): https://www.bajtbox.com/kriptovalute-u-bosni-i-hercegovini-kako-prodati-gdje-ih-kupiti/
  10. Poslovne novine (2022-03-23): https://www.poslovnenovine.ba/hoce-li-i-kada-kriptotrziste-biti-zakonski-regulisano-u-bih/
  11. Gofaizen & Sherle (Datum nije jasno vidljiv, ali pominje februar 2024.): https://gofaizen-sherle.com/hr/crypto-license-in-bosnia-and-herzegovina
  12. CMS Law (2024): https://cms.law/en/bih/expert-guides/cms-expert-guide-to-crypto-regulation-in-bosnia-and-herzegovina
  13. Bloomberg Adria (2025-05-01): https://ba.bloombergadria.com/financije/trzista/51357/koliki-je-porez-na-dobit-od-kriptovaluta-u-bih/news
  14. BCX (2025-06-18): https://www.bcx.ba/blog/kriptovalute-i-porez-jesu-li-kriptovalute-oporezive-u-bih/
  15. Bitomat (Ažurirano 06.05.2025.): https://bitomat.com/hr/blog/ogranicenja-povlacenja-na-bitcoin-bankomatu-zasto-postoje
  16. Bloomberg Adria (2022-07-15): https://ba.bloombergadria.com/financije/trzista/17498/kripto-svijet-u-bih-bcx-pionir-koji-krci-put-digitalnoj-imovini/news
  17. Vecernji.ba (2025-06-21): https://www.vecernji.ba/vijesti/novo-trziste-kriptovalutama-u-bih-trguje-oko-100-000-osoba-interes-jednak-kao-i-za-zlato-1779318
  18. Kripto.ba (Datum nije jasno vidljiv, ali relevantan za opšte informacije): https://kripto.ba/neophodno-zakonski-regulisati-oblast-kriptovaluta-u-bih/
  19. Vijeće Ministara BiH (Datum nije jasno vidljiv, ali relevantan za AML/CFT): https://msb.gov.ba/PDF/ProcjenaRizikaNOPiFTFinalBos.pdf (Napomena: Ovo je link ka dokumentu Procjene rizika, koji može sadržati relevantne informacije o AML/CFT i kriptovalutama.)
  20. Klix.ba (2021-05-11): https://www.klix.ba/biznis/finansije/u-bih-u-pripremi-nacrt-zakona-kojim-se-zeli-regulisati-trziste-kriptovaluta/210510155
  21. Tacno.net (2025-05-07): https://tacno.net/novac/raj-za-pranje-novca-zasto-fbih-jos-uvijek-nije-zakonski-prepoznala-kriptovalute/
  22. Startbih.ba (2025-02-09): https://www.startbih.ba/clanak/biznis_i_finansije/dok_trump_najavljuje_zlatno_doba_kriptovalute_bih_vec_ima_prve_kriptomilionere/10700

Web Sources (23)

Sources discovered via web search grounding

Search queries used (8)
  • zakon o kriptovalutama Bosna i Hercegovina
  • legalnost trgovanja kriptovalutama u Bosni i Hercegovini
  • propisi za kriptovalute u Bosni i Hercegovini
  • regulatorno tijelo za kriptovalute Bosna i Hercegovina
  • KYC/AML kriptovalute Bosna i Hercegovina
  • upozorenja o trgovanju kriptovalutama Bosna i Hercegovina
  • status maloprodajnog trgovanja kriptovalutama u Bosni i Hercegovini
  • kupovina prodaja kriptovaluta fizička lica Bosna i Hercegovina
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