As of 8 July 2025, Bulgaria officially applies the Crypto-Assets Markets Act, which transposes the requirements of Regulation (EU) 2023/1114 (MiCA). The new law introduces a licensing regime for crypto-asset service providers (CASPs) while also setting transitional rules for entities already registered.
What does this mean for registered providers?
Companies and individuals who were registered with the National Revenue Agency (NRA) before 30 December 2024 as providers of crypto-asset services (including exchanges and wallet providers) may continue operating without a license until 1 July 2026, or until a license is issued or refused under the new regime — whichever occurs first.
Those who submitted applications for registration between 30 December 2024 and 8 July 2025 are subject to stricter deadlines: they must file a licensing application within three months from the law’s entry into force and bring their operations into full compliance with the new requirements during that period.
Changes to registry administration
With the entry into force of the law, the NRA discontinues maintenance of the public registry of virtual asset service providers. All registration proceedings still pending as of that date are automatically terminated.
Link to previous article on the topic
The news above is for information purposes only. It is not a (binding) legal advice. For a thorough understanding of the subjects cov-ered and prior acting on any issue discussed we kindly recommend Readers consult Ilieva, Voutcheva & Co. Law Firm attorneys at law.
