Is crypto legal in Bulgaria?
Cryptocurrency is legal in Bulgaria, but subject to regulatory restrictions.
Eastern Europe · BG · 3 of 9 dimensions sourced
Bulgaria crypto policy at a glance
Stage of the central bank digital currency programme — research, pilot, or launched.
Whether crypto is legal, restricted, or banned for individuals and businesses.
“The Bulgarian National Bank informs the public that virtual currencies such as Bitcoin are not legal means of payment and are not guaranteed by a central bank or other public authority. Credit institutions should adequately assess the risks of operations related to virtual currencies.”
Whether the jurisdiction licenses crypto/VASP service providers.
Rules governing stablecoin and e-money-token issuance.
“This Regulation lays down uniform requirements for the offer to the public and admission to trading on a trading platform for crypto-assets... and for the issuance and supervision of asset-referenced tokens and e-money tokens.”
How crypto gains are taxed and reported, including OECD CARF participation.
How decentralized finance (DeFi) is treated by regulators.
Whether NFTs are addressed in regulation.
Policy toward crypto mining — permitted, restricted, or banned.
Intensity of regulatory enforcement actions against crypto firms.
“In this section the Financial Supervision Commission publishes notifications and investor warnings in relation to entities providing financial services without the required authorization.”
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