National Bank of Serbia warns against unlicensed virtual currency services and flags teslacryptocap.com and teslacrypto.me

The National Bank of Serbia issued a public warning about the unauthorized provision of services related to virtual currencies, reiterating that Serbia’s Law on Digital Assets requires a licence for any firm offering digital asset services (virtual currencies and digital tokens). Providing virtual currency services without the National Bank of Serbia’s authorisation is prohibited and treated as a criminal offence under the Criminal Code. The warning highlights that foreign companies cannot provide such services in Serbia through a branch, representative office, or other commercial presence that indicates Serbia is the target market, including websites in Serbian, Serbian user contact details, installing cryptomats, or advertising in domestic media. A foreign firm seeking to provide virtual currency services must establish a company in Serbia and apply for a licence. Based on audits, the National Bank of Serbia cautioned citizens about the provision of virtual currency services via https://teslacryptocap.com/ and https://teslacrypto.me, owned by Tesla Trade d.o.o. Bijeljina, which does not hold a Serbian licence, and noted it has taken measures within its powers and initiated proceedings against persons engaged in such unauthorised activity; it also warned that dealing through unlicensed firms can result in the loss of all invested funds and advised that any transactions should be conducted only through licensed providers listed on its website.