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🇷🇴 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 / VASP) E-money (EMI)
Last verified 2026-08-15 Next review 2026-08-29

Data verified: oldest cell 46 days ago (verified 2026-07-02). Individual cells show their own verification date below.

Capital requirement Capital requirement is included with access. Included with access Timeline to authorisation Timeline to authorisation is included with access. Included with access Application cost Application cost is included with access. Included with access Passporting Passporting is included with access. Included with access

Licence type

Authorisation as an electronic money issuing institution (instituție emitentă de monedă electronică) granted by BNR, Romania's EMD2 transposition track; BNR is also the designated competent authority for MiCA electronic money tokens (EMTs) issued by credit institutions and e-money institutions under its supervision

Verified 2 days agoSource: Current national regulator authorisation material: https://www.bnr.ro/2339-institutii-emitente-de-moneda-electronica

Regulator

National Bank of Romania (Banca Națională a României, BNR)

Verified 2 days agoSource: Current national regulator authorisation material: https://www.bnr.ro/2339-institutii-emitente-de-moneda-electronica

Recent changes

Romania's BNR remains the e-money competent authority, separate from ASF's MiCA supervision. PSD3 and the PSR merge payment-institution and EMI authorisation into one payment-institution category able to issue e-money. The final compromise texts remain awaiting formal adoption and Official Journal publication as of 15 August 2026, with an indicative European Parliament plenary on 14 December 2026. After entry into force, Member States have 21 months to transpose and apply PSD3, and the PSR generally applies after 21 months. Existing EMIs may continue for 27 months, with an exceptional further three-month extension.

Verified 2 days agoSource: https://data.consilium.europa.eu/doc/document/ST-8222-2026-INIT/en/pdf ; https://data.consilium.europa.eu/doc/document/ST-8221-2026-INIT/en/pdf ; https://oeil.europarl.europa.eu/oeil/en/procedure-file?reference=2023%2F0209%28COD%29

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Not legal advice. Entries marked placeholder or awaiting verification shouldn't be relied on. Verify with Romania's regulator and qualified local counsel before acting.