More Romanians invested in Bitcoins than at Bucharest Stock Exchange
<p>Over 600,000 Romanians invest in cryptocurrencies, according to Horia Gustă, president of the Association of Fund Administrators (AAF), quoted by <a href="https://www.economica.net/numarul-urias-de-romani-care-au-investit-in-bitcoin-horia-gusta-asociatia-administratorilor-de-fonduri-aaf-cripto-nu-a-avut-nicio-regula-si-a-explodat-in-cativa-ani_821024.html?mc_cid=d1a4e05122&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Economica.net</a>. For comparison, the stock exchange has only 220,000 investors.</p>

<p>The regulations and lack of financial education are the main obstacles to bringing more investors to regulated markets such as BVB, according to Horia Gustă.</p>

<p>While classic capital markets are subject to a burdensome package of regulations coming from the EU level, cryptocurrency operators have not been subject to any rules until recently, he explains.</p>

<p>"Europe is so regulated that you won't find any advertising for any investment fund. There are many regulations and they don't help. Crypto had no rules and developed in a few years," said the AAF president.</p>

<p><em>iulian@romania-insider.com</em></p>

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