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

Matrix / Romania

🇷🇴 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 2026-07-02 Next review 2026-07-16

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 🔒

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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

Difficulty rating 🔒

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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.