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.

Top News

Why is the crypto market down today?

Why is Bitcoin price down today?

Bitcoin is 1 week away from 'confirming' new bull market — analyst

Do Kwon to reportedly appeal against court’s decision to extend detention

XRP price: 'sell the news' moment nears after crypto-leading 20% weekly gain

Evidence found that Australians were among the top countries targeted in a sophisticated cryptocurrency investment scam network, which has suspected kingpins in...

Aussies revealed as prime targets of Israel crypto scam syndicate

Brayden Lindrea

2023-02-24T06:07:45+00:00

14862

While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and Asia.

Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution

2023-01-16T20:15:00+00:00

5430

A spokesperson for Bulgaria’s chief prosecutors has denied claims that the investigation was prompted by the company’s political donations.

Nexo investigation is not political, Bulgarian prosecutors say

Ana Paula Pereira

2023-01-15T18:15:54+00:00

27283

Following the Jan. 12 raid on its Sofia offices, Nexo described prosecutors’ actions as a “kick first, ask questions later” approach.

Bulgarian authorities charge four individuals following raid on Nexo office: Report

2023-01-13T20:30:00+00:00

4899

Nexo has denied reports that the firm has experienced massive outflows amid office raids and an ongoing investigation against the firm.

Crypto lender Nexo wants to sue Bulgaria after office raids

2023-01-13T12:15:27+00:00

10523

Investigators have alleged that Nexo is involved in money laundering and violating global financial sanctions against Russia.

Nexo offices reportedly raided by police in Bulgaria

2023-01-12T12:23:00+00:00

6925

The government official added that he thought Bulgaria was unlikely to become a major hub for crypto miners, many of whom many are reportedly considering leavin...

Bulgaria's finance minister says the country is exploring crypto payment options: Report

2022-01-21T19:35:00+00:00

8679

More publicly traded firms added Bitcoin to their treasuries during the first four months of 2021 than during the entirety of last year. But will it continue?

Listed companies, trusts and ETPs now control almost 7% of the Bitcoin supply

2021-06-16T03:56:09+01:00

8731