Tech-savvy and still deeply distrustful of officialdom 25 years after the end of communism, many Romanians are unfazed by warnings about the cryptocurrency. In the western town of Oradea, 370 miles ... more 
Tech-savvy and still deeply distrustful of officialdom 25 years after the end of communism, many Romanians are unfazed by warnings about the cryptocurrency. In the western town of Oradea, 370 miles away from the capital of Bucharest, the first bitcoin exchange in the country has drawn more than 2,000 clients in the seven months since it opened, with transactions totaling $1.57 million. But Romania ranks as the European Union's second-poorest state and among the weakest in collecting taxes and fighting fraud, making it poorly equipped to manage the bitcoin. Romanian entrepreneurs envision a future where the bitcoin is as common as grocery shopping. But they say it needs a legal framework to gain credibility. less 
1 / 31
Wochit
Mon, Jul 28, 2014 9:20 AM EDT