According to Khoria Gusta, the Romanian interest in digital assets is two to three times ahead of investments in traditional tool market tools. Reason: The availability of crypto platforms like Binance and Bitcoin Romania, as well as a low entrance threshold. In conditions of hard regulation, classic markets cannot keep up with markets based on new digital technologies, and this creates significant risks for the Romania economy, the head of the association believes.
“Classical capital markets are stagnated under the load of burdensome rules adopted at the EU level. Europe is so regulated that you will not find any advertising of any investment fund. While cryptocurrency platform operators until recently were not subordinate to any rules, ”Gusta explained.
Unlike the digital assets market, maintaining the growth of the stock market requires tremendous efforts, since it is difficult to explain to the market participants to explain to people what these investments mean, the head of AAF said.
In November, the Romania Parliament adopted an amendment to the Tax Code, which freed the income of individuals from a 10% tax on the difference between investments in virtual currencies and profit.
In early February, the Minister of Finance of Romania, the Tanczos Barna, said that the government would strengthen the regulation of the cryptocurrency market and oblige all participants to get a work permit.
Source: Bits
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