Multilaw, a global network of independent law firms, has recently released the ‘International FinTech Guide’ which presents the legal and economic conditions for FinTech businesses across more than 20 different countries.
Each chapter features a quick introduction and a legal and economic overview for every participating country showing whether the business area is regulated, whether a licence is needed and how hard the legal compliance and the economic competition is considered in the respective jurisdiction. The overview is followed by a more in-depth description for every country.
Țuca Zbârcea & Asociații’s Banking & finance team authored the Romania chapter providing an overview of the legal requirements and barriers with respect to Virtual Currencies, ICOs, RegTech, InsurTech, Robo-Advisory, Online Banking and Crowdfunding. The contribution was overseen by Gabriela Anton, Partner in the firm’s Banking & finance practice group.