Moldova Plans to Introduce Crypto Legislation by the End of 2026, Aligning with the EU's MiCA Framework

Odaily News Moldova's Minister of Finance, Andrian Gavrilita, stated that Moldova plans to introduce its first systematic cryptocurrency legislation by the end of 2026, aligning its regulatory framework with the European Union's Markets in Crypto-Assets Regulation (MiCA). The relevant laws will allow citizens to legally hold and trade crypto assets, but will not recognize them as legal tender.

Gavrilita pointed out that the government is developing the legal framework in collaboration with the central bank, financial market regulators, and anti-money laundering authorities to fulfill its commitments for alignment with the EU. He emphasized that crypto assets should be viewed more as a highly volatile speculative area rather than a traditional investment, but citizens still have the right to participate in related activities under compliant conditions.

Reports indicate that this legislation will become Moldova's first formal crypto legal system. Previously, Moldova's central bank has repeatedly issued warnings regarding the price volatility and money laundering risks associated with crypto assets. Against the backdrop of this legislative push, the EU's MiCA regulation has fully come into effect by the end of 2024, becoming Europe's first unified regulatory framework covering the crypto industry. (Cointelegraph)