News
The operator of a Bulgarian crypto exchange has received a 10-year prison sentence for money laundering in connection with an Eastern European cybercrime syndicate.
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Bulgaria News
The Republic of Bulgaria is a southeast European country with an area of 110,000 square kilometers and a population of over seven million people. Bulgaria has a free market with a dominant private sector. The main industries of the Bulgarian economy are electricity, food products, machinery, equipment, chemical products and refined petroleum. Bulgaria is a leading country of Balkan region in terms of IT and scientific development. Bulgarian Bitcoin regulations are not specific. The authorities of Bulgaria don’t consider Bitcoin to be legal tender and don’t regulate it. Bulgaria has a Bitcoin tax that is 10 percent of profit made with Bitcoin. Bulgarian Bitcoin mining is also unregulated. However, Bulgarian banks and authorities are not welcoming to cryptocurrencies. In late 2017, Bulgarian banks blocked the Bitcoin exchanges’ accounts that were opened in the country, and in May 2017, a series of raids performed by law enforcement of Bulgaria seized over 213,000 Bitcoin.
- News
Law enforcement representing 16 different countries cooperated to arrest 20 members of a global crypto-powered money laundering cartel in just one of the cases.
5718 - News
The owner of a Bulgarian crypto exchange has been convicted of providing money laundering services to a Eastern European cyber fraud syndicate.
4929 - News
The Colibra app is providing a means for air travelers delayed for any reason to receive compensation in crypto.
6983 - News
Two Bulgarian nationals have been charged with the theft of nearly $1.5M in electricity used to illegally operate crypto mining farms.
12638 - Sponsored
A blockchain platform is hoping to tackle inflationary prices in event tickets by uniting attendees and organizers through its specially created platform.
11444 - Hodler’s Digest
In this week’s Hodler’s Digest, Jay Clayton may not consider ETH to be a security, but the CBOE is over BTC futures contracts for now.
3803 - News
А U.S. District Attorney has charged the founders of a crypto pyramid scheme that involved the marketing of a fraudulent digital currency “OneCoin.”
19346 - News
U.K.’s Financial Conduct Authority has warned the public against illicit Bulgaria-based Next Coin, which claims to be FCA-authorized.
3359 - News
The Bulgarian National Revenue Agency has announced the launch of inspections of cryptocurrency-selling companies.
4969 - News
Bulgarian Gendarmerie forces and specialized prosecutors have arrested three hackers allegedly involved in stealing $5 million in crypto.
5948 - News
A Chinese county procuratorate has prosecuted the last four suspects reportedly involved in ponzi scheme OneCoin.
24095 - Analysis
Seizure of Crypto, what governments and police do with arrested Bitcoins.
29764 - News
The OneCoin offices and other associated companies were raided by Bulgarian and EU police on Jan. 17, 18.
72819 - Adoption
A Bulgarian University is offering bursaries in Bitcoin in 2018.
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