Romania conducted 17 raids last fall to investigate crypto tax evasion

Binance News · 2023-01-08T12:48:18.000Z

According to local media, Romanian police and tax officials conducted 17 raids last fall involving parties accused of evading taxes by concealing profits from cryptocurrency trading. Cristian Roman, a partner at the law firm Iordăchescu & Asociații, told Romania Journal that they searched for relevant addresses in the capital Bucharest and in the counties of Dâmbovița, Ilfov and Olt. According to data provided by the Romanian police, between 2019 and 2022, 19 targeted individuals established or joined an organized criminal group for the purpose of tax evasion.

Romanian police and tax officials conducted 17 raids last fall on parties accused of evading taxes by concealing profits from cryptocurrency trading, according to local media.
Cristian Roman, partner at the law firm Iordăchescu & Asociații, told Romania Journal that they searched for addresses in the capital Bucharest as well as in the counties of Dâmbovița, Ilfov and Olt.
According to data provided by the Romanian police, between 2019 and 2022, 19 targeted individuals founded or joined an organized criminal group with the aim of tax evasion.
Investigators said the taxable income they tried to conceal came from cryptocurrency trading. According to preliminary estimates, their activities caused losses to the state budget totaling 3 million Romanian lei (nearly $650,000). (Bitcoin.com)