Cryptocurrency Q&A
Does Bulgaria have a crypto licence?
Does Bulgaria have a crypto licence?
CryptoQueen
Thu Aug 29 2024
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6 answers
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Excuse me, could you please clarify whether Bulgaria has implemented a specific licensing system for cryptocurrency activities? Are there official regulations or permits required for individuals or businesses engaging in the buying, selling, trading, or mining of cryptocurrencies within the country? If so, what are the key requirements and processes involved in obtaining such a crypto licence in Bulgaria? I'm interested in understanding the legal framework surrounding cryptocurrency operations in the country.
6 answers
SsamziegangSerenade
Sat Aug 31 2024
Bulgaria, a country known for its progressive stance on technology, does not currently possess a dedicated cryptocurrency license or a set of restrictive measures specifically tailored for digital assets.
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EnchantedPulse
Sat Aug 31 2024
However, the country's Money Laundering Act (MAMLA) does impose certain requirements that must be adhered to when dealing with cryptocurrencies.
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Riccardo
Sat Aug 31 2024
Under MAMLA, individuals and entities engaging in cryptocurrency-related activities are required to obtain the necessary authorisation from the relevant authorities.
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GangnamGlamour
Sat Aug 31 2024
Failure to comply with these requirements and operate without the proper authorisation is considered an illegal activity in Bulgaria.
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Caterina
Fri Aug 30 2024
Despite the lack of a dedicated crypto license, Bulgaria's regulatory framework provides a clear set of guidelines for those looking to navigate the cryptocurrency landscape.
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