Romania has drafted an emergency ordinance for ICO issuers, a local news outlet reported Thursday.
Following that, each member of the issuing organization is required to be approved by the Romanian National Bank (BNR), according to Business Review.
If approved, the draft would make BNR the sole authority over token sales in the country.
If the approved issuers don’t issue the cryptocurrency before the deadline, they will lose the authorization.
The issuers are also required to perform annual audits and submit their activities of accounts to the BNR.

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