Cryptocurrency, introduced as a concept in national legislation

National legislation will have notions such as “virtual currency” or “virtual currency service provider” in order to prevent the risk of misuse of virtual currencies in money laundering and terrorist financing. Such a draft law was voted in the first reading, by 59 deputies, during the plenary session on December 22.

According to the authors, the changes are necessary in the context of the rapid development of this sector and the risk of misuse of virtual currencies for the purpose of money laundering and terrorist financing.


The draft law also provides for the modification of the internal legislative framework in the field of preventing and combating money laundering by introducing articles aimed at the actual beneficiary, politically exposed persons or the measures applied with regard to the countries, high-risk jurisdictions designated by the International Financial Action Group.

The draft law was developed based on the recommendations of the MONEYVAL Committee of the Council of Europe and transposes a series of European directives in the field.

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