Despite the fact that the country’s cryptocurrency legislation is under regulation, blockchain-based financial transactions are making their way into Moldovan life and practice in various ways.

Financial market regulators, capital market regulators and enforcement authorities are preparing for legal regulation of the cryptocurrency market under Europe’s single MiCA, Logos Press reported.

Today in Moldova there is a paradoxical situation. On the one hand, cryptocurrency is not recognized by the National Bank of Moldova as a unit of account. At the same time, it is subject to taxation. However, by 2027, our country has committed itself to approve the legal framework related to the regulation of virtual currency and to enact regulations that comply with European legislation.
