The Securities Commission has approved the first tokenization project for a solar power plant in Serbia. The company AVR Solar Park, based in Belgrade, has received consent to issue 7.250 digital tokens, each valued at 100 euros.

The funds raised will be directed towards expanding the existing solar power plant, including the purchase of new panels and supporting equipment. With this project, Serbia takes a significant step forward in combining renewable energy sources with modern financial instruments.

The Securities Commission is alerting citizens to abuses related to digital assets. The latest example of such frauds was uncovered through an operation by the Ministry of Internal Affairs of the Republic of Serbia, which resulted in the arrest of a network of scammers operating an organized call center in Belgrade. This criminal group used false investment offers in cryptocurrencies to defraud numerous investors, with estimated losses of at least 300 million euros.

From October 22 to 23, 2024, the third regional forum of public oversight bodies (POB Forum) was held in Bucharest, Romania. This event was organized jointly under two main programs of the World Bank for financial reporting reform (CFRR) based in Vienna: the Accounting Reform and Institutional Strengthening Program for Small and Medium Enterprises “Road to Europe” (REPARIS for SMEs) and the new Program for Enhancing Accounting, Auditing, and Sustainability Reporting (EAASURE).