What is Bulgaria's FATF status?

Bulgaria is classified by FATF as: fsrb_only.

Are VASPs licensed in Bulgaria?

Yes — licensing is required for VASPs.

What is the AML/KYC regime in Bulgaria?

KYC is mandatory for crypto businesses.

🇧🇬 Bulgaria

Bulgaria has a clear regulatory framework for crypto assets aligned with the EU Markets in Crypto-Assets Regulation (MiCA). The Financial Supervision Commission oversees licensing and compliance for crypto service providers.

Overview

Status	Legal
Risk Score	35/100 (Moderate Risk)
Region	europe
Currency	BGN
Adoption Rank	#40

Tax Information

VAT on Crypto

The regulator page does not specify detailed tax rates or rules for crypto activities.

Licensing & Registration

Required	Yes
Regulator	FSC / BNB
Framework	Markets in Crypto-Assets Regulation (MiCA)
Ease	medium
Cost (USD)	$20,000 - $100,000

Licensing is required under MiCA with standard compliance obligations for crypto service providers.

Enforcement Activity

Level: Low

Enforcement has been limited. NRA has focused on AML registration compliance. The government seized significant Bitcoin from criminal operations in prior years.

AML / KYC

KYC Required	Yes
Travel Rule	Yes
FATF Member	No
FATF Status	fsrb_only
FATF Body	MONEYVAL
Suspicious-Activity Reporting	Yes

DeFi, Stablecoins & NFTs

Status: regulated

DeFi activities are subject to regulation under the MiCA framework and must comply with AML and licensing requirements.

Stablecoins

Status: regulated

Stablecoins are regulated under the MiCA framework with specific requirements for issuance and transparency.

NFTs

Status: no_rules

No specific NFT regulation

Mining

Legal	Yes
Electricity Cost	$0.092/kWh
Renewable Energy	23%
Infrastructure	good

Mining is legal with moderate electricity costs and a renewable energy share of 23%. Infrastructure supports mining operations reasonably well.

Geopolitical Risk

Stability	stable
Sanctions	No
Corruption Index	43/100
Banking Access	moderate

Risk Factors

regional geopolitical tensions
cybersecurity threats

Bulgaria is politically stable with moderate corruption and reasonable ease of doing business. It is not under international sanctions and has free internet access. Banking access for crypto companies is moderate.