Romania is a relatively large economy in the EU, and cryptocurrencies are popular there. However, crypto regulation is still in its infancy.
Country overview
#39
RomaniaCountry stats
Rating Points
255
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
35
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
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
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
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.
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.
No data.
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.
Currently, in Romania, the Parliament has yet to issue any legislation regarding the crypto space, save for a few provisions related to the tax on cryptocurrency income and reporting to AML of certain transactions involving cryptocurrencies.
| 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).
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