BTC $67,846.00 (+1.03%)
ETH $1,961.18 (-0.98%)
XRP $1.42 (-0.81%)
BNB $611.69 (+0.22%)
SOL $83.58 (+1.55%)
TRX $0.28 (+1.22%)
DOGE $0.10 (+0.41%)
BCH $559.44 (-0.43%)
ADA $0.27 (-0.74%)
LEO $8.58 (-0.91%)
HYPE $29.11 (-0.14%)
XMR $333.83 (+2.38%)
LINK $8.66 (-0.45%)
CC $0.16 (-2.24%)
XLM $0.16 (-0.53%)
RAIN $0.01 (+3.84%)
ZEC $261.82 (-0.22%)
HBAR $0.10 (-0.42%)
LTC $53.58 (+0.45%)
AVAX $9.20 (+3.37%)

Romania vs Somalia

Crypto regulation comparison

← Back to map | Romania | Somalia
Romania

Romania

Somalia

Somalia

Legal
No Regulation

Cryptocurrency is legal in Romania. Crypto gains are taxed at 10% as 'income from other sources' under the fiscal code. VASPs must register with the relevant authorities for AML compliance. Romania has a growing crypto community and is transitioning to the EU MiCA framework.

Somalia has no specific cryptocurrency regulation. The fragmented governance structure makes unified regulation extremely difficult. Mobile money dominates the financial landscape.

Tax Type Capital gains
Tax Type None
Tax Rate 10%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator ASF (Autoritatea de Supraveghere Financiară), BNR (National Bank of Romania)
Regulator Central Bank of Somalia
Stablecoin Rules Regulated under EU MiCA framework
Stablecoin Rules No stablecoin regulation
Key Points
  • Crypto gains taxed at 10% as 'income from other sources' under Article 114 Fiscal Code
  • Annual gains up to RON 600 (~EUR 120) exempt from tax per Article 116 Fiscal Code
  • VASPs must register for AML/CFT compliance
  • ASF oversees financial market conduct; BNR handles monetary policy
  • MiCA framework applicable from December 2024
Key Points
  • No specific cryptocurrency legislation
  • Fragmented governance limits regulatory development
  • Mobile money dominates informal financial system
  • Very limited formal financial infrastructure
  • No licensing framework for crypto services
Sources
Sources