National Bank of Romania Clarifies Its Position On Bitcoin

In a press release dated the 11th of March 2015, the National Bank of Romania clarified its position on Bitcoin stating that it is neither a national nor foreign currency, that no-one is obligated to accept bitcoin as a means of payment and that is not a form of electronic money as defined by the law.

Referencing the risks associated with Bitcoin as claimed by the European Central Bank and European Banking Authority, BNR advises consumers to be mindful of such risks and finished by saying that the BNR will attempt to keep track of Bitcoin's progress.

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