Country overview

#40

Romania

Country stats

Rating Points

205

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

1.6%

Estimated percentage of crypto users out of the country's total population based on public data.

Legal Entities

Empty

Number of crypto companies registered in the country based on regulator data if available or other types of public data.

Regulation Points

100

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

305 600

Total amount of crypto users out of the country's total population based on public data.

Taxation points

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

100

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

Legally allowed

General status of cryptocurrency regulation in this jurisdiction.

Crypto payments

No info

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 info

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

Medium

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

Basic

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

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

Crypto-to-crypto

This license type allows VASP to provide legal exchange from one cryptocurrency to another.

Crypto-to-fiat

This type of license regulates the exchange from cryptocurrency to fiat.

Wallet/Custody

This country has a legal licensing procedure for companies that store cryptocurrency - - crypto wallet providers and custodians.

Good

Medium

Bad

intro

Romania is a relatively large economy in the EU, and cryptocurrencies are popular there. However, crypto regulation is still in its infancy.

Security level

Romania has a Minor danger security level according to our rating. Jurisdiction has 67.2 points (from 100) for safety level in Numbeo crime rating (1). Homicide level (2) is 1.3 per 100,000 inhabitants a year. Story of firearm-related death (3) 0.14 per 100,000 inhabitants a year.

Crypto Payments

How your crypto is taxed will depend (4) on the transaction you’re making and whether it’s viewed as a capital gain or income.

You’ll have a profit or a loss when you dispose of crypto. Disposals of crypto include:

Selling crypto for fiat currency (including using a Bitcoin ATM).

Swapping one cryptocurrency for another.

Spending crypto on goods and services - like a barter transaction.

Any of the transactions above is a taxable event. As such, any time you sell, swap, or spend crypto, you’ll need to calculate your gain or loss.

Crypto Salaries

No data.

Legal

In Romania there is crypto regulation part included into the AML law: those who provide exchange services between virtual and fiat currencies and digital wallet providers must (5) authorize/register with the commission to approve foreign exchange activity. Article 301, introduced by the normative act, regulates and details how a legal person can write for this purpose and the conditions it must meet.

Regulating cryptocurrency and related businesses in Romania is still evolving (6). Currently, there is no specific legislation governing the use of cryptocurrencies. Still, the Romanian National Bank has issued statements warning of their risks and encouraging caution in their use.

Romania announced a temporary 0% tax on crypto gains until the middle of 2025 in 2024. However, MiCA implementation in Romania is going slowly. Still, there is no VASP register in Romania for November 2024. A new regulation will probably be published at the beginning of 2025.

Taxation

Tax name	Index
PIT tax Min	0
PIT tax Max	10
Corporate tax (CIT)	16
Min Individual CGT (for crypto)	10
Max Individual CGT (for crypto)	16
Wealth tax Min	0
Wealth tax Max	0

PIT

A flat personal income tax (PIT) rate of 10% is generally based on PWC(7).

CIT

The standard CIT rate is 16% for Romanian companies, according to PWC(8).

CGT

Capital gains are subject to the regular CIT rate of 16% under PWC(9).

Links

1)Crime Index by Country 2023 Mid-Year

2)List of countries by intentional homicide rate

3)List of countries by firearm-related death rate

4)Crypto Tax Guide Romania 2023. Article

5)Romania Is on the Way to Blockchain and Crypto Regulation. Article

6)Crypto-assets: temporary trend or key elements for the digital market’s growth? Article

7)Individual - Taxes on personal income. PWC

8)Corporate - Taxes on corporate income. PWC

9)Overview. PWC

Last update: November 2024

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intro

Romania is a relatively large economy in the EU, and cryptocurrencies are popular there. However, crypto regulation is still in its infancy.

Security level

Crypto Payments

How your crypto is taxed will depend (4) on the transaction you’re making and whether it’s viewed as a capital gain or income.

You’ll have a profit or a loss when you dispose of crypto. Disposals of crypto include:

Selling crypto for fiat currency (including using a Bitcoin ATM).

Swapping one cryptocurrency for another.

Spending crypto on goods and services - like a barter transaction.

Any of the transactions above is a taxable event. As such, any time you sell, swap, or spend crypto, you’ll need to calculate your gain or loss.

Crypto Salaries

No data.

Legal

Taxation

Tax name	Index
PIT tax Min	0
PIT tax Max	10
Corporate tax (CIT)	16
Min Individual CGT (for crypto)	10
Max Individual CGT (for crypto)	16
Wealth tax Min	0
Wealth tax Max	0

PIT

A flat personal income tax (PIT) rate of 10% is generally based on PWC(7).

CIT

The standard CIT rate is 16% for Romanian companies, according to PWC(8).

CGT

Capital gains are subject to the regular CIT rate of 16% under PWC(9).

Links

1)Crime Index by Country 2023 Mid-Year

2)List of countries by intentional homicide rate

3)List of countries by firearm-related death rate

4)Crypto Tax Guide Romania 2023. Article

5)Romania Is on the Way to Blockchain and Crypto Regulation. Article

6)Crypto-assets: temporary trend or key elements for the digital market’s growth? Article

7)Individual - Taxes on personal income. PWC

8)Corporate - Taxes on corporate income. PWC

9)Overview. PWC

Last update: November 2024