Romania has draft regulations for issuing electronic money

Romania Crypto Regulation News

The Romanian Finance Ministry has unveiled a draft Emergency Ordinance regulating the issuance of ‘e-money’ (electronic money). The draft regulation defines electronic money. The law mandates companies to possess share capital not less than €350,000 ($409,000) for the issuance of electronic money and its members are subject to the approval by the Romanian National Bank.

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