Canada    FinTech Guide    Chapter 12    Romania


12. Online-Pawning
Romania  Romania

We did not identify any reservations with respect to the social and political climate towards online-pawning.



Legal Affairs


The entities providing online-pawning services must register with the Evidence Register of the National Bank of Romania. The registration process is a straight forward exercise, as there are only a number of documents, especially regarding the shareholders, to be provided. There are no share capital requirements, save for the general requirements provided by the companies’ law, and the registration is free of charge.



Economic Conditions


We did not identify any information regarding the size of the market of the online-pawning services in Romania, however there are numerous entities providing pawning services online.



Contributing Authors

Tuca Zbârcea Asociatii

Gabriela Anton
Bucharest, Romania

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Chapter Index:


1. Payment Services / Mobile Payment

2. Asset and Portfolio Management

3. Consulting and Broking Services / Robo-advisory / Auto-trading

4. Trading Platforms / Social Trading Platforms / Signal Following

5. Crowdfunding / Crowdinvesting / Crowdlending

6. Virtual Currency - Bitcoin

7. Loan Services / Factoring / Loan Broking / Finetrading

8. Online Banking Services

9. Analytics and Research / Data Management / Risk Management

10. Accounting

11. Identification

12. Online-pawning

13. InsurTech

14. RegTech

15. Initial Coin Offerings (ICOs)

Disclaimer:
The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.

Publication Date: 1 May 2018