BlockBeats news: On January 16, 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 for payments.
Gavrilita noted that the government is working with the central bank, financial market regulators, and anti-money laundering authorities to develop a legal framework to fulfill its commitments for aligning with the European Union. He emphasized that crypto assets should be regarded more as a highly volatile speculative area rather than a traditional form of investment. However, citizens still have the right to participate in related activities under the condition of compliance.
According to reports, the legislation will become Moldova's first formal crypto legal framework. Previously, Moldova's central bank had repeatedly issued warnings about the price volatility and money laundering risks associated with crypto assets. This legislative advancement comes as the EU's MiCA (Markets in Crypto-Assets) regulation has been fully implemented by the end of 2024, becoming Europe's first unified regulatory framework covering the crypto industry. (Cointelegraph)