TL;DR:
- Bulgaria adopted amendments requiring crypto service providers to register with the National Revenue Agency and report user data.
- The new rules transpose the EU’s DAC8 directive, which establishes the automatic exchange of information on digital assets between member states.
- Bulgaria joined late the group of nations that have already implemented the changes, with the EU’s deadline set for December 31, 2025.
The Parliament of Bulgaria approved amendments to the Tax and Social Security Procedure Code that impose new reporting obligations on cryptocurrency service providers operating in the country.
The changes, adopted in their second and final reading on September 9 with 149 votes in favor, none against, and 10 abstentions, were published in the official gazette on September 15, enabling their entry into force.
Bulgaria Completes its Crypto Regulatory Framework
Under the new framework imposed in Bulgaria, crypto service providers will be required to register with the National Revenue Agency and supply identification and transactional data on their clients. The required information covers purchases, sales, transfers, and exchanges of digital assets, with detail by category, total transaction volume, and fiat currency flows.
Tax identification numbers, full names, dates of birth, permanent addresses, and countries of tax residence of users must also be reported. Reports will be submitted electronically once a year, before June 30 of the year following the reported period. The first period subject to these obligations began on January 1, 2026.
The amendments transpose the European Union’s DAC8 directive, which introduces for the first time the automatic exchange of information on digital assets between the tax administrations of member states. The exchange corresponding to 2026 transactions must take place before September 2027. According to local media, the new provisions do not increase the tax burden on investors nor modify the calculation of the current taxable base.
Financial Supervision and the Role of MiCA
On the other hand, Bulgaria’s Financial Supervision Commission is the entity responsible for granting licenses under the MiCA regulation, in force across the EU since July 1, 2026. The country approved MiCA’s implementation legislation on June 20, 2025. To date, the commission has issued only two licenses of its own, although more than 70 firms have notified that they hold authorizations granted by regulators in other member states, which allows them to operate throughout the bloc.
Bulgaria joins late the group of countries that complied with the legislative changes required by the EU before the end of 2025. Poland, meanwhile, has yet to adopt its own MiCA implementation law, due to a political dispute that resulted in three presidential vetoes of the bill put forward by Prime Minister Donald Tusk’s cabinet.
