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Frequently asked questions
Some experts predict that the price of this coin will get higher when more banks and financial institutes accept and start working with XRP and Ripple networks. If you are thinking about investing in a cryptocurrency, XRP can be a good choice. However, before buying XRP you should do more analysis and read more reviews to make sure it is worth buying.
When you move crypto between wallets you own, the ownership is not transferring so it seems like it should be a tax-free transaction. But, since the ANAF have been quite vague about transfer fees in Romanian Tax Code, there is the potential that transfer fees may be viewed as spending crypto and as such, a taxable transaction.
Yes, you can. According to Law 227/2015, buying, holding and selling crypto assets is not restricted in Romania as long as you don’t violate any market security law and tax regulations.
No. You should buy at least 20 ripples to activate the XRP wallet.
You file your crypto taxes for the ANAF using the Personal Income Tax Return form. You can also do this via the ANAF online portal.
Chris Larsen and Jed McCaleb are the founders of Ripple network and its token “XRP”.