Moldova plans to implement cryptocurrency regulatory regulations by 2026

Moldovan Finance Minister Andrian Gavrili ă announced that the country plans to introduce cryptocurrency regulatory regulations by 2026. As a candidate member state of the European Union, Moldova will follow the regulatory framework of the European Cryptocurrency Market (MiCA). The new regulations will clarify the legality of citizens holding, trading, and converting encrypted assets, and authorize specific institutions to conduct related businesses, but prohibit the use of cryptocurrencies for payment of goods or services. Holding cryptocurrency is not subject to taxation, but transaction profits are subject to a 12% income tax. The regulations will also include strict anti money laundering and security risk control measures to prevent cryptocurrencies from being used for illegal financing and money laundering activities.