licencemap
Informational only, not legal advice. Verify with qualified counsel before acting. Full disclaimer

🇷🇴 Romania

A distinctive dual-gate regime requiring both ASF authorisation and a separate ADR technical/IT clearance, with zero CASPs issued as of mid-2026.

Crypto (CASP) E-Money (EMI)
Last verified 2026-07-03 Next review 2026-07-17

Data verified: oldest cell 1 day ago (verified 2026-07-02). Individual cells show their own verification date below.

Licence type

MiCA CASP authorisation under Government Emergency Ordinance (GEO) 10/2025, in force from 13 March 2025, transposing MiCA into Romanian law.

Verified 2026-07-02 Source: bmalegal.ro: https://bmalegal.ro/romanias-new-crypto-regulation-under-mica-compliance-licensing/

Regulator

Autoritatea de Supraveghere Financiara (ASF, Financial Supervisory Authority). A technical pre-clearance of IT systems by the Authority for Digitalisation of Romania (ADR) is also required before ASF grants a licence - a Romania-specific extra step.

Verified 2026-07-02 Source: legalbison.com: https://legalbison.com/casp-license/romania/

Capital requirement 🔒

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Timeline to authorisation 🔒

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Local substance 🔒

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Application cost 🔒

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Ongoing cost 🔒

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Passporting 🔒

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MiCA CASPs approved 🔒

Unlock mica casps approved with the Founder Pass Source: micahub.net

Key restrictions 🔒

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Recent changes

GEO 10/2025 entered force 13 March 2025; the full 18-month EU-wide transition period ended 1 July 2026, meaning all previously-operating providers must now hold full MiCA authorisation.

Verified 2026-07-02 Source: Aggregated market commentary; recommend verifying against asfromania.ro directly, https://hategan.ro/en/news/changes-for-romanian-crypto-investors-and-users-effective-july-1-2026-with-the-full-implementation-of-mica

Difficulty rating 🔒

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The decision numbers for Romania are one step away

Capital, timeline, costs, substance, passporting, restrictions and difficulty, with sources and verification dates. Deciding now? The one-off Founder Pass (£349) unlocks everything for 30 days. The free showcase jurisdiction shows you the exact format and quality first.

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Track Romania

Get an email when this regime changes, fee schedules, capital rules, transition deadlines.

Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Romania's regulator and qualified local counsel before acting.