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This paper explores the impact of cryptocurrencies on international trade, focusing on the regulatory challenges in China, the European Union, and Serbia. Cryptocurrencies offer promising opportunities for cost efficiency and transparency, yet their adoption in global trade encounters legal complexities, particularly in anti-money laundering efforts. This study aims to underscore the importance of a shared regulatory framework to strengthen trust and facilitate seamless cross-border transactions between China and Central and Eastern European Countries (CEEC) for win-win cooperation. Through a comparative analysis of the regulatory landscapes, this study offers insights into aligning legal frameworks to navigate the intricacies of cryptocurrency adoption in global commerce. It argues that a unified approach to cryptocurrency regulation can significantly streamline trade, promote transparency, and strengthen economic relationships. By proposing harmonized regulatory measures, this research emphasizes the potential of cryptocurrencies to reshape international trade dynamics, while also stressing the importance of comprehensive legal structures to address the challenges posed by the digital financial landscape.
Babic et al. (2024) studied this question.