Bosnia and Herzegovina belongs to that class of markets where demand for a "crypto licence" is plentiful and the licence itself does not exist. That is why this page is a status-and-risks page, not a sales page: in one half of the country — Republika Srpska — a mandatory entry in the supervisor's record operates; in the other — the Federation — there is only a draft law; and at state level no virtual-asset law exists at all. A decision on such a market must be taken with both eyes open — the opportunity and the risk.
Our position is straightforward: instead of selling you the illusion of a "Bosnian licence", we show you what really exists (and what does not), what risks this direction carries, and how an application is structured so that it stays within the correct legal frame. This market publishes no official figures for fees, capital or deadlines — and that in itself is part of the risk.
Republika Srpska: a Record, Not a Licence
In Republika Srpska the legal basis for crypto services is Article 260b of the Law on the Securities Market, together with the Rulebook on the record of providers of services connected with virtual currencies (Sl. glasnik RS 4/23, 82/24 and 112/25 — amended as recently as 2025). Under this article, providers established in Republika Srpska — and foreign providers serving it through a branch — must be entered in the supervisor's record before they start providing services; an unentered provider must not operate. The law also states that neither the Republic, nor the Commission, nor any other public-sector body guarantees the value of virtual currencies or bears liability for losses.
The key word here is "record", not "licence": the Securities Commission does not issue licences or approvals — it keeps the record of these providers and is at the same time exclusively competent for their AML/CFT supervision. The service therefore boils down to two layers: entry in the record and anti-money-laundering obligations. There are no licensing requirements — no capital, no prudential standards, no own-funds classes — which naturally makes this a "light" model, and precisely why resellers market it under the name of a licence.