Moldova plans to approve a legal framework for regulating virtual and cryptocurrency
The corresponding measure is proposed in the reform agenda in Moldova until 2027. In particular, the National Bank of Moldova will have to approve a legal framework for regulating virtual and cryptocurrency. By June 2027, the National Bank of Moldova will develop and implement legal norms that comply with European legislation on the regulation of cryptocurrencies in the EU (MiCA/Markets in Crypto-Assets Regulation). MiCA establishes a regulatory framework throughout the EU, paying special attention to the issuance, management and trading of crypto assets. It provides for licensing, business conduct standards and a framework for preventing abuse in the crypto asset market. Cryptocurrency platforms are required to comply with strict security and operational standards, provide users with understandable information about the assets they invest in, etc. It is worth noting that in Moldova, any activity related to crypto assets is currently prohibited by law. Accordingly, there are no regulations or potential for regulation, and the law on payment services and electronic money does not recognize these instruments as a means of electronic payment. At the same time, in the absence of a regulatory framework, cryptocurrency is classified as the property of the person to whom it belongs. According to the explanations of the Tax Service, if a person who owns cryptocurrency does not use it in entrepreneurial activity, it is classified as a capital asset. Accordingly, individuals who sell, exchange capital assets or alienate them in any other way must pay capital gains taxes, as well as income tax. // 04.04.2025 — InfoMarket
