Is Crypto Legal In Bulgaria?

Cryptocurrency is fully legal in Bulgaria and operates within a comprehensive regulatory framework established under the European Union's Markets in Crypto-Assets Regulation (MiCA). Since December 30, 2024, Bulgaria has aligned with EU-wide standards through its national Crypto Asset Markets Act, which regulates the issuance, trading, and provision of services related to crypto-assets (1). The legislation distinguishes between different types of crypto-assets including asset-referenced tokens, e-money tokens, and other digital assets, with each category subject to specific regulatory requirements and disclosure obligations (1).

The Bulgarian regulatory landscape designates the Financial Supervision Commission as the primary authority responsible for licensing and supervising crypto-asset service providers, while the Bulgarian National Bank oversees issuers of electronic money tokens and stablecoins. Deputy Governor Nina Stoyanova of the Bulgarian National Bank has emphasized the importance of comprehensive crypto regulation, noting that European institutions have worked to establish clear legal frameworks (2). Bulgaria's implementation includes strict anti-money laundering compliance requirements and consumer protection measures (2).

"In the middle of May this year, the Council of the European Union finally adopted the final texts of the Markets in Crypto-Assets Regulation (MiCA); thus the European institutions developed and adopted a large-scale and detailed legal framework for the crypto-assets market in Europe."

Crypto-asset service providers in Bulgaria must obtain proper licensing and adhere to operational standards including maintaining adequate capital reserves, implementing robust internal controls, and segregating client assets. The regulation requires all entities offering crypto services to comply with authorization procedures and conduct-of-business rules established under MiCA (1). Bulgaria provides an 18-month transitional period until July 1, 2026, allowing existing virtual asset service providers to achieve full compliance with the new regulatory framework (1).

Source:
https://eur-lex.europa.eu/EN/legal-content/summary/european-crypto-assets-regulation-mica.html
https://www.bis.org/review/r230731g.pdf

Last updated: 18-10-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.