Bosnia and Herzegovina is a small country bordering Croatia, does not have a legal framework to regulate cryptocurrencies. But despite this, more than 35,000 people in the country own virtual assets.
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Bosnia and Herzegovina is a small country bordering Croatia, does not have a legal framework to regulate cryptocurrencies. But despite this, more than 35,000 people in the country own virtual assets.
Bosnia and Herzegovina has a minor danger security level according to our rating. Jurisdiction has 57.5 points (from 100) for safety level in Numbeo crime rating (1). Homicide level (2) is 1.1 per 100,000 inhabitants a year. Level of firearm-related death (3) 0.43 per 100,000 inhabitants a year.
There is no crypto regulation (4) in the country. The Bosnian Central Bank has determined that the legal tender of the country is only the local currency. Transactions involving digital assets, tokens, and cryptocurrencies may be interpreted as financial transactions exempt from VAT. The country has banned the conversion of local currency into crypto.
We do not have reliable information about crypto salary in Bosnia and Herzegovina. If you have this information, please contact us.
Currently, there is no crypto regulation (5) in Bosnia and Herzegovina. Virtual currencies in BiH have recently been recognized by the law and only in RS with the amendments of the Law on Securities Market which entered into force on 21 September 2022.
In July 2021 and February 2022, the Republika Srpska entity amended (6) the law on the securities market to simplify the issuance of debt securities and further develop brokerige activities. In July 2022, the Republika Srpska entity also amended the law on securities markets to regulate cryptocurrencies and custodian wallet providers, contributing to the fight against money laundering and terrorism financing involving those currencies.
The Headline CIT rate is 10% by PWC taxsummaries (7). The headline PIT rate is 10% based on the same source. Capital gains tax is subject to the normal PIT rate (10%) according to PWC (7).
1)👉🏻Crime Index by Country 2023 Mid-Year
2)👉🏻List of countries by intentional homicide rate
3)👉🏻List of countries by firearm-related death rate
4) 👉🏻Cryptocurrency Regulation Tracker
5)👉🏻CMS EXPERT GUIDE TO CRYPTO REGULATION IN BOSNIA AND HERZEGOVINA. Article
6)👉🏻 COMMISSION STAFF WORKING DOCUMENT Bosnia and Herzegovina 2022 Report. PDF file
7)👉🏻Overview. PWC