Romania government cryptocurrency regulation 2025 by Romanian National Bank and Financial Supervisory Authority
Following the meeting on March 13, the Romanian government passed an emergency ordinance that regulates cryptocurrency transactions in line with the European regulations set out in Regulation (EU) 2023/1113.
This legislative change comes in response to the growing use of cryptocurrencies in Romania and the need to align national legislation with European standards for preventing money laundering and terrorism financing. Under the ordinance, crypto service providers (exchange platforms, wallets, etc.) will be classified as financial institutions and will be subject to the strict oversight and regulations of BNR and ASF.
Among the new regulations are more precise definitions of terms such as "crypto asset" and "non-hosted address," which will clarify the scope of the legislation. Additionally, investors trading popular cryptocurrencies such as Bitcoin, Ethereum, or other crypto assets will be required to comply with strict reporting rules for their earnings, and exchange platforms will be obligated to report suspicious transactions to the financial authorities. The aim is to prevent illegal activities and ensure transparency in Romania's crypto market.
Under this emergency ordinance, the following entities can provide crypto-asset services:
- crypto-asset service providers;
- credit institutions;
- electronic money issuing institutions;
- financial institutions;
- central securities depositories;
- investment firms;
- market operators;
- management companies for undertakings for collective investment in transferable securities (UCITS);
- alternative investment fund managers.
This measure enables the expansion of crypto services through authorized institutions, integrating the crypto-asset industry into the traditional financial system.
