Crypto license in Bulgaria

Last Update: 17.02.2026
A crypto license in Bulgaria allows fintech and blockchain companies to operate legally within the European Union while benefiting from a competitive tax regime and harmonized EU regulation. With the implementation of the Markets in Crypto-Assets (MiCA) framework, Bulgaria provides a transparent and predictable regulatory environment for crypto asset service providers (CASPs).

Bergerslegal supports clients throughout the entire licensing process — from regulatory assessment and company formation to preparation of compliance documentation and communication with supervisory authorities.

Regulatory Overview

The Bulgarian crypto market operates under the Crypto Asset Market Law (MICAL) adopted on June 20, 2025, aligning national legislation with EU regulatory standards including:

• MiCA Regulation
• DORA (Digital Operational Resilience Act)
• Transfer of Funds Regulation (TFR)

Cryptocurrencies are legally treated as digital representations of value, not as legal tender.

Supervisory Authorities

• Financial Supervision Commission (FSC)
  Responsible for licensing crypto providers and supervising ongoing operations.
• Bulgarian National Bank (BNB)
  Supervises issuers of electronic money tokens (EMTs) under payment legislation.

Bulgaria’s crypto ecosystem continues expanding, supported by growing adoption, operational exchanges, and increasing infrastructure such as Bitcoin ATMs.

Advantages of Crypto License in Bulgaria

Obtaining a crypto license provides companies with several strategic benefits:

• Access to the EU single market under MiCA passporting principles.
• Harmonized regulatory environment aligned with European legislation.
• Competitive corporate taxation among the lowest in the EU.
• Growing crypto adoption and expanding user base.
• Flexible corporate requirements allowing non-resident ownership and management.
• Predictable regulatory supervision and legal clarity.

Legal Requirements for Crypto License in Bulgaria

To conduct regulated crypto activities, companies must comply with the following conditions:

Corporate Structure

• Registration of a legal entity (LLC/SRL equivalent).
• Registration with the National Revenue Agency (NRA).
• Local legal address (virtual office permitted).
• Initial capital aligned with MiCA activity classification.

AML/KYC Compliance

• Implementation of AML/CFT policies under EU directives.
• Appointment of a qualified AML Officer.
• Transaction monitoring and reporting procedures.
• Ongoing cooperation with financial intelligence authorities.

Technical Infrastructure

• GDPR compliance.
• Secure encryption protocols (SSL/TLS, AES).
• Multi-factor authentication systems.
• Regular cybersecurity testing and backups.

Management Requirements

• Manager with 3–5 years of relevant financial or compliance experience.
• Clean criminal record and successful fit & proper assessment.
• Knowledge of EU regulatory standards.

Stages for Obtaining Crypto License in Bulgaria

Step 1 — Company Registration

• Establish LLC structure.
• Minimum capital from BGN 2.
• Register company name and address.
• Registration timeframe: approximately 1–2 weeks.

Step 2 — Application to FSC

Submission includes:

• corporate documentation,
• AML/KYC policies,
• business plan,
• technical infrastructure description,
• AML officer information.

Review timeline:

• application acceptance: up to 30 days,
• document evaluation: 2–4 weeks.

Step 3 — Corporate Bank Account

• Opening account with crypto-friendly banks.
• Enhanced due diligence applied.
• Timeline: approximately 2–4 weeks.

Required Documents

Applicants must prepare:

• License application form.
• Articles of Association and registration certificate.
• Proof of business address.
• Business plan (3-year projection).
• Proof of capital origin.
• AML/CFT policies.
• Manager and shareholder documentation.
• AML officer credentials.
• Technical and cybersecurity documentation.
• Beneficial ownership information.
• Local bank account details.

Comparison: Crypto License in Bulgaria vs Estonia

Legislation Governing Crypto Activities

Crypto companies must comply with national and EU legislation, including:

• Crypto Asset Market Law (MICAL)
• Money Laundering Measures Act (MAMLA)
• Personal Data Protection Act (GDPR implementation)
• Payment Services and Systems Act
• EU MiCA Regulation
• 5AMLD Directive
• DORA Regulation
• Transfer of Funds Regulation (TFR)

Supervisory registrations involve:

• National Revenue Agency (tax authority)
• Financial Supervision Commission (licensing)
• Bulgarian National Bank (EMT supervision)

Taxation of Crypto Companies in Bulgaria

Accounting obligations include financial reporting, bookkeeping compliance, and audits where legally required.

Conclusion

A crypto license in Bulgaria provides an efficient entry point into the European digital asset market. The jurisdiction combines EU regulatory alignment, low corporate taxation, and flexible operational requirements, making it attractive for startups, exchanges, and blockchain projects.

With proper regulatory preparation and compliance implementation, companies can scale operations across Europe while operating within a stable and transparent legal framework. Bergerslegal delivers end-to-end assistance to ensure a smooth licensing process and long-term regulatory compliance.