What are the legal regulations for using digital currency in Romania?

3 answers

• Benjamin DreyerJan 22, 2021 · 5 years ago
  In Romania, the use of digital currency is subject to certain legal regulations. Individuals and businesses are allowed to use digital currency for transactions, investments, and other purposes. However, there are certain restrictions and requirements that need to be complied with. For example, individuals and businesses must register with the relevant authorities and comply with anti-money laundering and know-your-customer regulations. Additionally, digital currency exchanges and other service providers must obtain licenses and adhere to specific security and operational standards. It is important to consult with legal professionals or regulatory authorities to ensure compliance with the applicable regulations.
  721

  361
• MiaouJul 16, 2021 · 4 years ago
  Using digital currency in Romania is governed by legal regulations that aim to ensure transparency, security, and consumer protection. Individuals and businesses are allowed to use digital currency for various purposes, including online purchases, investments, and remittances. However, there are certain restrictions in place. For instance, digital currency exchanges must be registered and licensed by the Romanian Financial Supervisory Authority. Additionally, individuals and businesses are required to report their digital currency transactions and comply with anti-money laundering regulations. It is advisable to seek legal advice and stay updated on the latest regulations to ensure compliance and avoid any legal issues.
  729

  243
• Luís SousaMay 27, 2021 · 4 years ago
  As an expert in the field, I can provide you with some insights into the legal regulations for using digital currency in Romania. The country has taken a proactive approach towards regulating digital currency to ensure consumer protection and prevent illicit activities. Individuals and businesses are allowed to use digital currency for various purposes, but there are certain requirements that need to be met. For example, digital currency exchanges must obtain licenses from the Romanian Financial Supervisory Authority and comply with strict security and operational standards. Additionally, individuals and businesses are required to report their digital currency transactions and comply with anti-money laundering regulations. It is crucial to stay informed about the latest regulations and consult with legal professionals to ensure compliance and avoid any legal issues.
  878

  220