Romania unveils draft law related to cryptocurrencies

Romania has drafted an emergency ordinance for electronic funds including cryptocurrencies. A bill on electronic currencies The bill stipulates that any legal entity wishing to launch a cryptocurrency must have a capital of 350,000 euros, or at least $ 409,000 . As for the members of the company wanting to launch an electronic money, they are subject to the approval of the Romanian National Bank (BNR).The virtual currency is described as an “electronically stored monetary value, representing a claim on the issuer, issued upon receipt of funds to make payment transactions and accepted by a person other…

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