Cryptocurrency (Virtual Coins): Accounting Aspects and Tax Regulations

Adriana Monica Èšegledi () and Boni Mihaela Straoanu ()
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Adriana Monica Èšegledi: Associate professor, Petroleum and Gas University of Ploiesti
Boni Mihaela Straoanu: Associate professor, Petroleum and Gas University of Ploiesti

Chapter 64 in World Lumen Congress 2021, 2022, vol. 17, pp 650-657 from Editura Lumen

Abstract: Lately, there have been many questions from specialists regarding the accountability of cryptocurrency. The lack of a legislation has allowed them to be interpreted as either intangible assets or stocks, even though Romania owns the biggest transaction platform in Eastern Europe (Bitcoin Romania). National Bank of Romania (NBR) acknowledges the lack of regulations and supervisions regarding cryptocurrency, regarding them as “speculative assets, extremely volatile and risky†. Simultaneously, this brings to attention the fact that these are not national coins nor currencies, and accepting them as a payment method isn’t, legally speaking, mandatory.

Keywords: intangible assets; stocks; currencies (search for similar items in EconPapers)
JEL-codes: E5 E6 G1 (search for similar items in EconPapers)
Date: 2022
ISBN: 978-1-910129-32-6
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Persistent link: https://EconPapers.repec.org/RePEc:lum:prchap:17-64

DOI: 10.18662/wlc2021/64

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