This jurisdiction has established a clear, favorable regulatory framework for blockchain and cryptocurrency activities. Businesses can operate with confidence under well-defined rules.
Bulgaria Cryptocurrency Regulatory Overview
Bulgaria regulates crypto under EU MiCA framework.
Bulgaria Blockchain Compliance Requirements
Crypto service providers must comply with EU MiCA and AML requirements.
Crypto Licensing Requirements in Bulgaria
Crypto-Asset Service Providers (CASPs) must obtain a license from the Financial Supervision Commission (FSC) under the national Markets in Crypto-Assets Act (BG MiCA Act) to offer services like exchange and custody. Additionally, Virtual Asset Service Providers (VASPs) must register with the National Revenue Agency (NRA) for anti-money laundering (AML) compliance.
Cryptocurrency Tax Treatment in Bulgaria
Profits from the disposal of virtual currencies by individuals are subject to a flat 10% personal income tax on the net profit (sale price minus acquisition price).
Crypto Banking Access in Bulgaria
Limited banking access.
Official Sources & Regulatory References
https://www.fsc.bg/en/legal-framework/markets-in-crypto-assets-regulation-micar/, https://cms.law/en/int/expert-guides/cms-expert-guide-to-crypto-regulation/bulgaria, https://www.wolftheiss.com/insights/markets-in-crypto-assets-mica-licensing-in-bulgaria/, https://old.nra.bg/en/, https://beaumont-capitalmarkets.co.uk/bulgaria-crypto-taxation-rules-expats-digital-nomads-explained/
AML/CFT requirements are established and aligned with international standards (FATF guidelines).
Regulatory enforcement is predictable and fair. Clear processes exist for compliance and dispute resolution.
Disclaimer: This information is provided for general guidance only and should not be considered legal advice. Regulations change frequently. Always consult with qualified legal professionals in the relevant jurisdiction before making business decisions.