A company known as UBIK becomes Croatia’s self-regulating body. It will also work regulating this industry in the coming years.
Croatia is not usually associated with blockchain and cryptocurrencies. UBIK was created to improve this situation. UBIK’s goal is to spread cryptocurrency and blockchain awareness first and foremost.
This organization was registered on February 13. It began operations after receiving approval on February 17. At the moment, the organization was joined by at least 70 members, which confirm a growing interest in cryptocurrency and blockchain technology.
UBIK also wants to focus on a regulatory framework for ICOs. Representatives of UBIK had a meeting with officials from the Central Office of Tax Administration. They discussed crypto taxation. Yet it is unclear how they plan to do so exactly.
It seems that this self-regulating body is supported by the government. The Croatian government has not taken an official stance against these technologies.