Is crypto legal in Romania?

Given the recent developments in Romania's legislative landscape, the question of whether cryptocurrency is legal in the country begs for clarification. While Romania belongs to the continental legal system, its legal framework has been evolving to align with European Union regulations, including those pertaining to digital currencies. Specifically, the country has introduced an emergency ordinance outlining the conditions for issuing electronic money, which is broadly interpreted to include cryptocurrencies. This ordinance stipulates that entities wishing to operate in the crypto space must be authorized and supervised by the National Bank of Romania. Furthermore, the country has also drafted a bill for regulating Initial Coin Offerings (ICOs), indicating a clear intention to regulate the cryptocurrency industry. However, it is crucial to note that the legal status of cryptocurrencies in Romania is still evolving, and it is advisable for interested parties to consult legal experts or the relevant authorities for the latest updates and guidance.