Country overview

#120
Bosnia and Herzegovina

Country stats

Rating Points
60
This indicator describes the overall rating of a given jurisdiction on several parameters according to cryptocurrency operations - market volume, crypto regulation, business climate, taxation framework.
Crypto Penetration
1.1%
Estimated percentage of crypto users out of the country's total population based on public data.
Legal Entities
0
Number of crypto companies registered in the country based on regulator data if available or other types of public data.
Regulation Points
0
An overall assessment of the granularity of crypto regulation in a given country. A high score is also given to countries where cryptocurrency transactions are highly regulated.
Amount of crypto users
35 000
Total amount of crypto users out of the country's total population based on public data.
Taxation points
35
This figure, according to our analysts' calculations, indicates the overall level of tax burden for cryptocurrency transactions in a given country. The higher the indicator, the lower the burden.
Market volume points
0
A rough estimate of this jurisdiction's retail crypto market relative to the rest of the world. The higher the indicator, the higher the market potential.
Status of crypto
No info
General status of cryptocurrency regulation in this jurisdiction.
Crypto payments
No info
The legal status of cryptocurrency payments for goods and services in a given country based on information from regulators, public data and feedback from our community.
Security Level
Minor danger
The overall level of security in a given country based on open data.
Crypto Salaries
No info
The legal status of cryptocurrency salaries to employers in a given country based on information from regulators, public data and feedback from our community.
Business Climate
No info
Overall assessment of the friendliness of this country for crypto-business. This indicator takes into account the cost of obtaining a license and the attitude towards crypto entities in the country.
Stablecoin Regulation
No info
This indicator is evaluating the regulation of stablecoins in a given country. Complex regulation means that it is possible to issue steiblcoins and obtain a license for this activity. Basic regulation means that the issuance of stablecoins is possible, but not all legal aspects are defined in the law. Standard regulation means that there is a legal practice of steylcoin circulation in a given country.
Bad Factors
No
This section describes the unfavorable economic factors for crypto-business in a given country. These are countries that are under sanctions or on the FATF grey list and other factors.
Types of licenses
No licenses exist
Good
Medium
Bad
intro

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.

Security level

  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.  

Crypto Payments

  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.  

Crypto Salaries

We do not have reliable information about crypto salary in Bosnia and Herzegovina. If you have this information, please contact us.

Legal

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.

Taxation

  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).    

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