Country overview

#124
Moldova

Country stats

Rating Points
55
This indicator describes the overall rating of a given jurisdiction on several parameters according to cryptocurrency operations - market volume, crypto regulation, business climate, taxation framework.
Crypto Penetration
2.11%
Estimated percentage of crypto users out of the country's total population based on public data.
Legal Entities
0
Number of crypto companies registered in the country based on regulator data if available or other types of public data.
Regulation Points
20
An overall assessment of the granularity of crypto regulation in a given country. A high score is also given to countries where cryptocurrency transactions are highly regulated.
Amount of crypto users
72 498
Total amount of crypto users out of the country's total population based on public data.
Taxation points
15
This figure, according to our analysts' calculations, indicates the overall level of tax burden for cryptocurrency transactions in a given country. The higher the indicator, the lower the burden.
Market volume points
0
A rough estimate of this jurisdiction's retail crypto market relative to the rest of the world. The higher the indicator, the higher the market potential.
Status of crypto
De facto
General status of cryptocurrency regulation in this jurisdiction.
Crypto payments
No regulation
The legal status of cryptocurrency payments for goods and services in a given country based on information from regulators, public data and feedback from our community.
Security Level
Minor danger
The overall level of security in a given country based on open data.
Crypto Salaries
No regulation
The legal status of cryptocurrency salaries to employers in a given country based on information from regulators, public data and feedback from our community.
Business Climate
No info
Overall assessment of the friendliness of this country for crypto-business. This indicator takes into account the cost of obtaining a license and the attitude towards crypto entities in the country.
Stablecoin Regulation
No info
This indicator is evaluating the regulation of stablecoins in a given country. Complex regulation means that it is possible to issue steiblcoins and obtain a license for this activity. Basic regulation means that the issuance of stablecoins is possible, but not all legal aspects are defined in the law. Standard regulation means that there is a legal practice of steylcoin circulation in a given country.
Bad Factors
No
This section describes the unfavorable economic factors for crypto-business in a given country. These are countries that are under sanctions or on the FATF grey list and other factors.
Types of licenses
No licenses exist
Good
Medium
Bad
intro

This is general info about crypto regulation in Moldova. A more precise overview will be published later. However, if you find any inaccuracy or have other feedback - please write us in telegram @ilya_ii or by e-mail - editor@cryptopenetration.com

Moldova is a state located on the European Continent in the southeastern part of Europe with a population about 3 million people (1) covering an area of 34,000 km².

Based on VisaGuide (2) for staying in Moldova for up to 90 days, a visa is usually not required. The Moldovan government does not offer visas for digital nomads. To legally stay in the country for a longer period, you need to obtain an e-visa for Moldova.

It’s also possible to get an entrepreneur visa and residence permit in Moldova based on Visadb (3).

Security level
Crypto Payments

The legislation of the Republic of Moldova (7) does not regulate the status of cryptocurrency (virtual currency or cryptocurrency) and, according to Law No. 114/2012 on payment services and electronic money, does not recognize these instruments as a means of electronic payment.

According to NBM position (8) in 2018 “cryptocurrencies are not suitable for being used as means of payment and represent an extremely speculative investment degree”.

Crypto Salaries

There is still no regulation for crypto salaries in Moldova.

Legal

Currently there is no crypto regulation framework in Moldova according to NBM statement (9):

“It should be noted that the area of supervision under the NBM in terms of preventing and combating money laundering and terrorist financing is becoming more and more complex, considering the inclusion of regulatory and supervisory requirements of service providers regarding virtual currencies, both at the level of international and national standards, following the proposed legislative amendments.

Therefore, the development of the legal framework related to this field will be pursued, as well as continuous training in order to gather new knowledge and improve the professional abilities of NBM employees trained in the supervision process.”

Taxation

  The headline PIT and CIT rates are 12% according to PWC (10). Based on local tax authority letter (11) CGT tax rate equals to 50% from the basic PIT rate. Probably, it means that CGT for crypto is 6%. However, there is still no clear regulation for crypto taxation in the country.  

Links

1)👉🏻Moldova. Wikipedia

2)👉🏻Visa in Moldova

3)👉🏻Moldova Enterpreneur Activity Visa (Type D) Visadb

4)👉🏻Crime Index by Country 2023 Mid-Year

5)👉🏻List of countries by intentional homicide rate

6)👉🏻List of countries by firearm-related death rate

7)👉🏻Taxation regime for the sale of cryptocurrency Local Tax Authority Letter

8)👉🏻Virtual currency and its associated risks BNM 

9)👉🏻Priorities in banking supervision of the National Bank of Moldova for 2022 BNM

10)👉🏻Moldova PWC Tax Summaries

11)👉🏻Taxation regime for the sale of cryptocurrency Local Tax Authority Letter