o:2467 THE USE OF CRYPTOCURRENCY AS A PAYMENT INSTRUMENT IN THE REPUBLIC OF SERBIA en Changes in the payment systems of some countries, initiated by the use of cryptocurrencies, have opened up many dilemmas in the economic literature. Although knowledge of this phenomenon has not been yet sufficiently crystallized, some states managed to regulate its use. In this paper, we investigate whether cryptocurrencies can be considered аs а currency, which has drawn increasing attention from regulators who are concerned about tax, insurance and other consequences related to the legal treatment of cryptocurrencies. The subject of the paper is to analyze the history, characteristics and level of cryptocurrency regulation in the world. The aim of the paper is to analyze the possibilities for regulating cryptocurrencies in the Republic of Serbia through the analysis of countries where the use of cryptocurrencies is legal. Novi Ekonomist, Vol 14(2), pp. 14-21 1552099 10.7251/NOEEN2028014DJ 2024-03-17T22:20:23.189Z 44 yes 46 Jadranka Đurović- Todorović Faculty of Economics, University of Niš 2020 46 Marina Đorđević Faculty of Economics, University of Niš 46 Sandra Milanović Innvation Center, University of Niš application/pdf 549279 https://phaidrani.ni.ac.rs/o:2467 no yes 18 70 92000002 18A15