In a significant move towards enhancing its financial oversight, Serbia has announced plans to implement a real-time monitoring system for cryptocurrency and stablecoin transactions. This initiative aims to track wallet activity and quickly identify suspicious transactions involving Serbian residents, as the country grapples with the growing use of digital assets.
The Administration for the Prevention of Money Laundering (APML) has officially launched a tender to acquire advanced software capable of monitoring digital asset flows. This ambitious project is designed to flag high-risk transactions and establish connections between wallets and Serbian users swiftly.
Under the specifications laid out in the tender, the new platform must support real-time surveillance of blockchain activity to automatically detect any high-risk or suspicious movements. The system is expected to identify Serbian users and alert government analysts within minutes of detecting unusual blockchain activity. Furthermore, authorities will be able to send requests for wallet identities within a five-minute window, significantly enhancing response times to potential financial crimes.
The APML documentation emphasizes the need for leveraging open blockchain data and network analytics to facilitate rapid detection. Serbia’s regulatory body is keen on ensuring that the monitoring system comprehensively covers ten major cryptocurrencies and stablecoins, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), aligning with global standards for anti-money laundering (AML) and counter-terrorism financing (CTF).
Notably, the platform will also encompass other popular cryptocurrencies such as Binance Coin (BNB), Solana (SOL), and Dogecoin (DOGE), which have captured the interest of Serbian traders. These assets account for a significant portion of global trading activity, making their supervision a priority for Serbian regulators.
Once a suspicious transaction is flagged, officials will receive immediate alerts, allowing them to investigate swiftly and effectively. This proactive approach is aimed at mitigating the risks associated with money laundering and the illicit movement of funds through cryptocurrency networks.
Additionally, stablecoins, which are increasingly utilized in digital transactions, will be under the watchful eye of the new system. The tender specifically mentions Tether (USDT), USD Coin (USDC), and First Digital USD (FDUSD) as tokens that require close monitoring due to their potential for facilitating untraceable financial activities.
Serbia’s government recognizes the necessity of regulating these stablecoins in the same manner as other cryptocurrencies, ensuring that real-time alerts and identity request processes are in place for these digital assets as well.
The tender for this advanced monitoring solution remains open until November 10, 2025, providing vendors ample time to submit proposals that can meet the stringent requirements set forth by the Serbian Ministry of Finance, which is spearheading this initiative through its Anti-Money Laundering Office.
As cryptocurrency trading is recognized as a legal activity under Serbia’s Law on Digital Assets, effective since 2021, the framework assigns oversight duties to both the National Bank of Serbia and the Securities Commission. Service providers, including exchanges and wallet platforms, are mandated to obtain licenses from Serbian regulators and adhere to established minimum capital standards and compliance reporting protocols.
This legislative groundwork not only reinforces market safety and stability but also ensures that crypto income is treated as capital gains, subject to a 15% tax rate. As Serbia embarks on this regulatory journey, the country aims to create a secure environment for its burgeoning digital economy, positioning itself as a forward-thinking player in the global cryptocurrency landscape.
