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Romania vs Timor-Leste

Crypto regulation comparison

Romania

Romania

Timor-Leste

Timor-Leste

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.

Timor-Leste has no specific cryptocurrency regulation. Uses the US dollar as its official currency.

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 Banco Central de Timor-Leste
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
  • Uses the US dollar as official currency
  • Central bank has not addressed crypto regulation
  • Very limited financial infrastructure
  • Minimal crypto adoption