By Valeria Grekova
April 1st, 2018

Romania establishes its first blockchain association

By Valeria Grekova

Romania establishes its first blockchain association

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The first national blockchain organization is called the United Blockchain Association of Romania (UBA-RO). The main goal of this non-governmental institution is to promote distributed technologies nationwide.

The association got down to work on March 22. Its representatives stated the need to inform and educate the Romanian people and provide the necessary tools that can guarantee safe investments, as well as adequate legislation.

Key persons

The president is Andrey Stanitsa, entrepreneur and cryptoinvestor. He is also vice-president of another non-governmental organization LumeAqualum.

Entrepreneur Andrey Pipas is occupying the post of vice-president of the association.
Finally, Ruxandra Iane is UBA-RO secretary general. She used to be an independent consultant of the European Foundation and specializes in gender equality.

“UBA’s objectives represent the topics that we intend to address in the near future with the decision-makers in Romania, and also with the blockchain and crypto enthusiasts in our country. Our organization aims to provide an umbrella to support the common interests of those who are actively involved in this field… We want to unify the ad-hoc groups and create a strong coalition.”

– Andrey Stanitsa

Blockchain-friendly Romanians

According to a recent survey, about a half of young people in Romania want to operate in digital currencies. In fact, 57% of Romanians living in urban areas have heard of cryptocurrencies. Almost a third of them believe that future belongs to digital currencies. 17% of respondents admit that they plan to purchase digital coins within a year.

“The fast development of the digital environment is pushing the limits in almost every field. It is not surprising that a payment instrument which doesn’t have geographical borders is becoming increasingly popular”, said Traian Nastase, managing partner of Isense Solutions – the company that conducted the survey.

In fact, Romania already has some opportunities for enterprises in the crypto industry. Electricity costs here are below $ 0.14 per kWh, which attracts miners from various countries with tougher regulations.

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