🇷🇴 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.
Data verified: oldest cell 1 day ago (verified 2026-07-02). Individual cells show their own verification date below.
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
Regulator
National Bank of Romania (Banca Națională a României, BNR)
Capital requirement 🔒
Timeline to authorisation 🔒
Local substance 🔒
Application cost 🔒
Ongoing cost 🔒
Passporting 🔒
EMIs authorised 🔒
Key restrictions 🔒
Safeguarding 🔒
Recent changes
Romania has introduced a new 0.5% levy on operating revenues for crypto-asset service providers to fund ASF supervision under MiCA (2025 development); BNR remains the separate competent authority specifically for e-money token (EMT) issuance by credit institutions/EMIs, distinct from the ASF crypto-CASP levy — relevant context for PSD3/MiCA-adjacent regulatory change in Romania but not a direct change to core EMD2 EMI costs
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.