The National Bank of Moldova warns that following the information disseminated recently by the press, the population is created a confused and incorrect perception that the use of virtual currencies takes place under the protection of a license issued by the central bank or with its permission.
In a press release that is quoted by IPN, the Bank says it provided no authorization in this regard. It notes that its letters cannot be treated as permission to put into practice initiatives or investigation products related to the creation of a platform for trading in so-called virtual currency.
The Bank reiterates the opinions stated earlier and informs that the virtual currency is a digital representation of value that is not issued or guaranteed by a central bank or a public authority. It is not mandatory attached to a fit currency, but is used by individuals or legal entities as an alternative means of payment. This may be transferred, stored or traded electronically. The virtual currencies and related exchange methods are not subject to regulation on the territory of the Republic of Moldova. Respectively, users’ funds are not protected.
