Moldova's Evolving Legal Landscape for Cryptocurrency Regulation

Cryptocurrency is not explicitly illegal in Moldova, but the country lacks a comprehensive legal framework governing digital assets. While there is no specific legislation addressing cryptocurrencies, Moldova has been proactive in developing anti-money laundering (AML) measures that encompass virtual assets. The Office for Prevention and Fight against Money Laundering (SPCSB) has implemented guidelines requiring reporting entities to monitor and report suspicious transactions involving virtual assets. These measures aim to mitigate the risks associated with the misuse of cryptocurrencies for illicit activities.

To bolster its regulatory capacity, Moldova has engaged with international organizations such as the Organization for Security and Co-operation in Europe (OSCE). In November 2022, the OSCE, in partnership with the United Nations Office on Drugs and Crime (UNODC), conducted a workshop in Chisinau to train Moldovan officials on innovative policy solutions to mitigate money-laundering risks of virtual assets. The workshop focused on best practices for regulating virtual assets and enhancing the capabilities of public officials to investigate crimes involving cryptocurrencies.

In Moldova, the growing use of cryptocurrencies for money-laundering purposes calls for a critical need to enhance the capabilities of public officials to investigate these crimes (1).

September 2023, representatives from the National Bank of Moldova attended a workshop hosted by the OSCE and the Bank of Latvia, which addressed the challenges of regulating virtual assets and blockchain technologies. The workshop provided insights into adapting European regulations, such as the Markets in Crypto-Assets (MiCA) regulation, to the specific needs of participating countries. These efforts reflect Moldova's commitment to aligning its regulatory approach with international standards. While Moldova has made significant strides in addressing the risks associated with virtual assets, the absence of a dedicated legal framework for cryptocurrencies presents ongoing challenges. The country's engagement with international partners and participation in regional initiatives demonstrate a proactive approach to developing a comprehensive regulatory environment. As the global landscape of digital assets continues to evolve, Moldova's ongoing efforts to enhance its legal and institutional frameworks will be crucial in ensuring the safe and responsible use of cryptocurrencies.

Source:
(1) Office for Prevention and Fight against Money Laundering
(2) OSCE

Last updated: 08-05-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.