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🇧🇬 Bulgaria

Late 2025 national MiCA law with a clear, published FSC fee schedule but a short grandfathering window.

Crypto (CASP / VASP) E-money (EMI)
Last verified 2026-08-15 Next review 2026-08-29

Data verified: oldest cell 46 days ago (verified 2026-07-02). Individual cells show their own verification date below.

Capital requirement Capital requirement is included with access. Included with access Timeline to authorisation Timeline to authorisation is included with access. Included with access Application cost Application cost is included with access. Included with access Passporting Passporting is included with access. Included with access

Licence type

MiCA CASP licence under the national Markets in Crypto-Assets Act (BG MiCA Act), adopted 20 June 2025, in force 8 July 2025.

Verified 7 weeks agoSource: Wolf Theiss: https://www.wolftheiss.com/insights/markets-in-crypto-assets-mica-licensing-in-bulgaria/

Regulator

Financial Supervision Commission (FSC) for most CASPs; Bulgarian National Bank (BNB) supervises e-money token issuers separately.

Verified 5 weeks agoSource: Wolf Theiss: https://www.wolftheiss.com/insights/markets-in-crypto-assets-mica-licensing-in-bulgaria/

Recent changes

BG MiCA Act adopted 20 June 2025, entered force 8 July 2025 - a relatively late national implementer among EEA states; grandfathering deadline (8 Oct 2025) has already passed.

Verified 7 weeks agoSource: Wolf Theiss: https://www.wolftheiss.com/insights/markets-in-crypto-assets-mica-licensing-in-bulgaria/

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Not legal advice. Entries marked placeholder or awaiting verification shouldn't be relied on. Verify with Bulgaria's regulator and qualified local counsel before acting.