SectionTitle
DLT and cryptocurrencies
Body
FinTechs belonging to this category offer financial services using crypto currencies. This category also includes FinTechs utilising blockchain and distributed ledger technologies (DLT) upon which Bitcoin and Ethereum are based, among others. FinTechs develop and do research in this field in order to create new services – e.g. crypto currency exchange markets, wallet providers, NFTs-related services, new payment services, "smart contracts" or new clearing and settling services.
Introduction
Attitude of the country towards financial services using crypto currencies
Currently, there is no regulation with respect to the use of cryptocurrencies in BiH. Furthermore, the Central Bank of BiH instructed that only legal means of payment in the BIH is convertible mark, which is an official currency of BiH. In addition, the Central Bank of BiH does not allow exchange of bitcoins or any other cryptocurrencies for convertible marks.
Legal affairs
Obligations and requirements to provide financial services using crypto currencies described above
N/A.
Additional comments regarding the legal situation for financial services using crypto currencies or what FinTech’s must be aware of in this business area
N/A.
Economic conditions
Market size for financial services using crypto currencies and biggest companies in this business area
N/A.
Additional comments regarding the economic situation for financial services using crypto currencies or what FinTech’s must be aware of in this business area
N/A.