At the Seventh Session of the Second Regular Meeting, on December 17th 2020, the National Assembly of the Republic of Serbia adopted the Virtual Financial Assets Law (“Official Gazette of the RS”, No. 153/2020, hereinafter referred to as: the “Law“). The Law entered into force on December 29th, 2020, and its implementation shall begin after the expiration of six months from the day of its entry into force, that is from June 30, 2021. With the adoption of the Law, Serbia became