According to the latest reports, Romania will implement clearer and more transparent crypto regulations starting in 2026. The government has reportedly introduced an Emergency Ordinance amending the Fiscal Procedure Code, requiring crypto trading platforms to automatically transmit user data to ANAF – the Romanian tax authority.
The measure is set to take effect on January 1, 2026.
The measure comes amidst rising global adoption and implementation of clear crypto regulations in the US and EU via the MiCA framework.
Romanian Legislation Aligns with the International CARF and EU Rules
The latest reports were revealed by Digi24.ro on November 12, highlighting the fact that the country’s latest move is aligning Romania’s law with the international Crypto-Asset Reporting Framework standard and the EU directives on the automatic exchange of tax information.
The goal of the new regulation includes:
- Combating tax evasion
- Boosting transparency in the local crypto market
Details About Data Reported to ANAF
Under the new rules, all crypto service providers, including platforms outside Romania with Romanian resident users, will be required to:
- Register with ANAF
- Submit annual information on transactions
Reporting data will include the following:
- User ID data
- The value of assets traded, transferred, or converted
- Their values at the time of operations
ANAF will have access to the complete evolution of users’ portfolios, enabling the calculation of taxable income and gains without relying on voluntary declarations.
According to the new rules, platforms that fail to comply with reporting obligations risk fines between 50,000 and 150,000 RON, and, in the case of noncompliance, access to those platforms could be blocked in Romania.
The new regulation is part of a wider framework adopted by the EU on October 17, 2023.
EU’s New Rules on Taxation
The DAC8 (Directive 2023/2226) was published in the Official Journal L, 2023/2122 on October 24 2023.
The directive follows the Council’s report on tax issues of December 2021, in which the Council indicated that it expected the EC to present a legislative proposal in 2022 for further revisions in the field of taxation, concerning the exchange of information on crypto tax rulings for wealthy individuals.
The Directive covers a wide range of cryptos, using definitions set out in the MiCA framework, covering stablecoins, decentralized crypto, and NFTs.
The new Directive entered into force on November 13, 2023, and EU member states have time until December 31 2025, to implement these rules into their national law, as stated by Eucrim.eu.
The move comes as crypto adoption is rising across Europe, and Romania represents an important country in terms of the development and adoption of blockchain technology.
