Romanian Minister of Research, Innovation and Digitalization Supports Crypto Community at xDay 2023
During the third day of xDay 2023, we had the opportunity to speak with Bogdan-Gruia Ivan, the Romanian Minister of Research, Innovation and Digitalization. The Minister expressed his commitment to supporting the crypto community and builders by attracting capital to Romania, providing tax exceptions for crypto companies, and establishing a new legal framework to ensure clarity and security for the industry.
Minister’s Belief in Blockchain and AI’s Role in Driving Innovation
The Minister strongly believes in the potential of blockchain and artificial intelligence (AI) to drive innovation in Romania. He emphasized the urgency of taking action and turning words into tangible results. He stated:
Q: How do you feel about the event and projects coming out of MultiversX?
A:
The Minister commended MultiversX for their work, expressing his admiration for their efforts in shaping the future. He highlighted the positive atmosphere within the Romanian Parliament and praised Beniamin Mincu and MultiversX for their contributions.
Romania’s Support for MultiversX and the Crypto Community
The Minister outlined several initiatives that demonstrate Romania’s commitment to supporting MultiversX and the wider crypto community. These include:
1. Legal Framework for Blockchain:
Romania is currently developing a legal framework specifically focused on blockchain technology. Once it passes all necessary reviews, it will be implemented as a strategic point in positioning Romania on the map of emerging technologies.
2. Romanian AI Strategy:
Romania aims to launch an AI strategy with extensive public debate in September. This will be followed by the development of a legal framework for AI, further solidifying the country’s commitment to emerging technologies.
3. Quantum Technology:
The Minister highlighted Romania’s potential in quantum technology and expressed the intention to establish the country as a regional provider and hub for software and quantum technologies. A national debate on the quantum strategy is expected to take place in the coming weeks.
Romania’s Ambition to Lead in Crypto
The Minister expressed his interest in collaborating with other members of the European Union (EU) on crypto projects. However, he also emphasized Romania’s desire to have its own unique position in the industry. The country aims to become a leader in crypto and other emerging technologies due to its favorable ecosystem, friendly regulations, and talented young minds.
Hot Take: Romania’s Minister of Research, Innovation and Digitalization Commits to Driving Crypto Innovation
During xDay 2023, Bogdan-Gruia Ivan, the Romanian Minister of Research, Innovation and Digitalization, demonstrated his unwavering support for the crypto community. With initiatives such as establishing a legal framework for blockchain technology, developing an AI strategy, and fostering growth in quantum technology, Romania is positioning itself as a key player in driving innovation in emerging technologies. By attracting capital and providing tax exceptions for crypto companies, Romania aims to create a favorable environment for businesses in the crypto industry. With their ambitious goals and commitment to action, Romania has set its sights on becoming a leader not only in crypto but also in other emerging technologies.
As of this writing, Bitcoin’s price approaches $30,000.
Cover image from MultiversX, chart from Tradingview
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