Serbia is taking a major step to strengthen oversight of cryptocurrency trading by introducing a real-time monitoring system aimed at detecting suspicious blockchain activities.
The country’s financial intelligence unit, the Administration for the Prevention of Money Laundering (APML), has announced a public tender to develop advanced software capable of tracking digital asset transactions involving Serbian residents.
The initiative reflects the government’s commitment to aligning with international anti-money laundering (AML) and counter-terrorism financing (CFT) standards.
According to the tender documentation, the proposed system must integrate publicly available blockchain data, network monitoring, and advanced analytics. Authorities will be able to send official requests for wallet owner identification within minutes of detecting potentially illicit activity.
The platform is expected to cover ten major cryptocurrencies and stablecoins, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), Binance Coin (BNB), Solana (SOL), Dogecoin (DOGE), XRP, Sui (SUI), and First Digital USD (FDUSD), ensuring that the system captures the bulk of trading activity in the local market.
The APML has emphasized that the monitoring system will significantly enhance its ability to detect and prevent illegal financial activities connected with cryptocurrency, providing authorities with tools to act swiftly against potential money laundering or fraud.
Bidders have until November 10 to submit proposals for the project, although the total value of the tender has not been disclosed.
While the initiative is widely seen as a positive move toward financial security and regulatory compliance, it has also sparked debate around privacy. Critics argue that real-time monitoring and wallet identification could undermine the pseudonymous nature of cryptocurrencies, which is a key appeal for many users.
There are also concerns that such oversight may discourage crypto startups from establishing operations in Serbia, potentially impacting innovation in the sector.
Overall, the project underscores Serbia’s intention to create a secure and transparent environment for digital assets.
By combining blockchain analytics, rapid wallet identification, and regulatory oversight, the country seeks to protect consumers and the financial system while positioning itself as a forward-looking player in the global cryptocurrency ecosystem.