2018-7-7 07:11 |
Economy & Regulation
A draft ordinance aiming to regulate the issuance of “electronic money” has been presented in Romania.
While it does not specifically mention cryptocurrencies, some of its definitions and provisions can affect digital coins and tokens.
The central bank will also be responsible for authorizing the issuing entities.
According to the draft text, any legal entity considering the issuance of electronic money must have a share capital of at least €350,000 EUR.
Romanian Central Bank to Authorize Issuers
The National Bank of Romania will grant authorizations after reviewing each application within three months of its filing.
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