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.
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
The operator of a Bulgarian crypto exchange has received a 10-year prison sentence for money laundering in connection with an Eastern European cybercrime syndic...
Crypto exchange owner gets 10 years in prison for aiding scammers
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.
33 money laundering crypto criminals targeted worldwide in 3 separate cases
The owner of a Bulgarian crypto exchange has been convicted of providing money laundering services to a Eastern European cyber fraud syndicate.
Bulgarian exchange owner convicted over auction fraud scheme
The Colibra app is providing a means for air travelers delayed for any reason to receive compensation in crypto.
Bulgarian Startup Will Pay You Bitcoin When Your Flight Is Delayed
Two Bulgarian nationals have been charged with the theft of nearly $1.5M in electricity used to illegally operate crypto mining farms.
Two Bitcoin Farmers Stole $1.5M in Electricity in Bulgaria
A blockchain platform is hoping to tackle inflationary prices in event tickets by uniting attendees and organizers through its specially created platform.
Blockchain Platform Believes It Is the ‘Golden Ticket’ for Saving the Live Events Industry