The National Bank of Moldova will develop a prudential legal framework for virtual assets in order to implement the best practices in this field
Petru Rotaru, First Vice Governor of the National Bank of Moldova (NBM) stated this while speaking at the presentation of the National Risk Assessment (NRA) report on money laundering and terrorism financing related to virtual assets and virtual asset service providers. In his speech, the NBM First Vice Governor emphasized the need for a strategic approach to managing risks associated with virtual assets. “In a period of accelerated global transformation, where technology is constantly redefining the financial system, we face challenges that require a strategic approach based on transparency, innovation and strengthened oversight and control mechanisms,” said Petru Rotaru. At the same time, in the context of Moldova's European path, the NBM First Vice Governor emphasized the active role of the National Bank of Moldova in strengthening the regulatory framework. According to him, in this context, the NBM initiated the process of elaboration of a prudential legal framework for virtual assets, in order to identify the key components and to implement the best practices in this field. In conclusion, Petr Rotaru reiterated the need for joint efforts to implement the recommendations included in the report. “I call on all financial institutions, regulators and our international partners to work closely together to implement the recommendations of this report. Only through joint efforts we will be able to harmonize the European regulatory framework on cryptoassets and protect the integrity and stability of the Moldovan financial system in the face of emerging challenges in this area,” concluded Petru Rotaru. The NRA report aims to develop an effective national system for preventing and combating money laundering and terrorist financing (AML/CFT). This contributes to protecting the integrity of the national financial system, optimizing the allocation of resources to competent public authorities and reporting entities, ensuring the application of mitigation measures proportionate to the risks identified. // 12.03.2025 - InfoMarket
