USA

Romania plans to earn …

Navigation

The history of Romania explained in 10 minutes

Romania plans to earn ...

Romania plans to earn at least 10 million euros a year on bitcoin
CONTENT

  • Romania wants to attract banks to work with cryptocurrency

  • Romania’s trading platforms support the Fifth Directive

  • Russia is ready to ban cryptocurrencies

International consortium of news organizations developing transparency standards.

This was announced by representatives of the Bitcoin Romania platform. According to their calculations, a bank that will allow its clients to use cryptocurrencies through a trading platform can receive from 2 to 10 million euros per year from transaction fees. The company is currently working on several options for cooperation with banks.

2 million euros is not the limit

Romania plans to earn ...

 

The Bitcoin Romania trading platform is a local market leader that provides users with access to cryptocurrency trading. In this case, the replenishment of the deposit and the withdrawal of funds can be carried out with fiat money, and the bank will act as an intermediary.

“The cost of two million euros is the minimum amount that we guarantee to the bank if we become partners. This is the amount we estimate based on the transaction values ​​that we have recorded in the past and which we forecast for the future. But if the number of transactions increases, if the value of bitcoins also increases, and part of our 100,000 customers transfer their accounts to the bank, all these elements together can bring the bank 10 million euros per year, ”says Constantin Rotariu, co-founder and director of strategy Bitcoin Romania.

At the same time, the organizers of the platform are not at all afraid of the prospect of falling under the Fifth Directive, which is aimed at countering money laundering. On the contrary, Romanian crypto enthusiasts are confident that the adoption of this document will help banks to look differently at the situation with cryptocurrencies..

“We really want this field to be regulated, because we hope that in this way the banks will accept our business model. For us, this means additional costs and bureaucracy, but it will bring maturity and trust to our entire industry. This EU directive may be adopted in Romania very soon or in the coming months, but it will surely be in 2020, ”adds the co-founder of Bitcoin Romania.

In recent months, a large number of banks around the world have taken steps to partner with virtual currency exchange service providers. For example, JPMorgan Chase & Co, the largest bank in the United States, began offering financial services to exchange service providers Coinbase and Gemini. On the other hand, CaixaBank added we.trade digital platform to its list of services for corporate clients this year, becoming one of the first major European banks to offer their clients access to blockchain technology..

“Customers want banks to launch this type of service. A bank offering access to blockchain technology can have advantages both in gaining new customers and revenues and in marketing capitalization. Over the past 24 hours, there have been $ 128 billion in transactions recorded worldwide, as for coinmarketcap.com. If we can manage to attract 0.01% of these transactions through our platform and a bank with which we could partner, we will achieve our goal of receiving 10 million euros in revenue for a banking institution, ”says Constantin Rotariu, Co-Founder and Chief Strategy Officer Bitcoin Romania

What’s in Russia?

Romania plans to earn ...

 

While Romania is actively advancing on the issue of cooperation of cryptocurrency platforms with banks, Russia is trying to pass a bill that will actually restrict any operations with cryptocurrencies in the country. Experts predict that such activity will lead to the fact that the crypto market will go into the shadows.

Earlier, BeInCrypto reported that Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, said that the country plans to allow the purchase and sale of cryptocurrency, but it is not yet clear how the turnover will be carried out, since the submitted bill actually provides for criminal liability for cryptocurrency circulation.

Consideration of the bill is scheduled for the autumn session of the State Duma.

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

Share Article

Similar articles

  • Democratic Party of the USA plans to overcome the crisis with a digital dollar

    The US Democratic Party plans to overcome the crisis with a digital dollar CONTENTS The US is considering creating a digital dollar Wallets will be controlled…

  • Women traders make money…

    Women Traders Earn More Men – IG Study CONTENTS Women Trade Gold More Than Bitcoin Women Have More Successful Trades With…

  • Young crypto investors are not planning…

    Young crypto investors do not plan to bequeath their assets to anyone CONTENT 89% of crypto investors are worried about what will happen to them after their death…

  • Facebook plans to release Libra in January 2021

    Facebook plans to release Libra in January 2021 CONTENTS Facebook may release its own digital currency in January 2021 Released…

  • 13 Australian banks filed…

    13 Australian banks sued Ripple for name theft CONTENT Ripple’s PayID banned in Australia Ripple stolen…

Similar articles