Whether we talk about the famous Bitcoin, created in 2008 by Satoshi Nakamoto, or other cryptocurrencies such as Ethereum, Ripple, etc., or even the future Libra of Facebook, which is to be launched in 2020, cryptocurrencies tend to capture more and more the attention of the desired public of speculative gains such as those generated by the fluctuations of these cryptocurrencies in relation to the classical currencies such as Dollar or Euro.
Of course, besides the people who are interested only in this kind of quick winnings, there is also a great interest in creating and trading these types of cryptocurrencies.
What you need to know is that regarding the existing legislation in Romania regarding virtual currencies, more precisely regarding their creation and trading mode, there are no legal norms to impose a certain regulation in the field.
In Romania, virtual coins (cryptocurrency) are not considered a national currency or foreign currency, which is why their trading is not assimilated to a currency trading activity.
Thus, a trading company having as its activity in trading and/or intermediation of the trading of virtual coins on the territory of Romania, does not have to meet certain special conditions of operation in this domain, not falling under the Order of the Minister of Public Finance of Romania no. 664/2012.
There are no rules to impose on the company a special authorization, a license or a registration with a Romanian state authority. In this respect, for the trading of virtual coins (cryptocurrency), a trading company must not fulfill requirements other than normal, which are otherwise necessary for all companies operating on the Romanian territory, requirements stipulated by the Law 31/1990 on the establishment and the operation of commercial companies in Romania.