licencemap
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Matrix / Bulgaria

🇧🇬 Bulgaria

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

Crypto (CASP) E-Money (EMI)
Last verified 2026-07-02 Next review 2026-07-16

Data verified: oldest cell 1 day ago (verified 2026-07-02). Individual cells show their own verification date below.

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 2026-07-02 Source: 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 2026-07-02 Source: Wolf Theiss: https://www.wolftheiss.com/insights/markets-in-crypto-assets-mica-licensing-in-bulgaria/

Capital requirement 🔒

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Timeline to authorisation 🔒

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Local substance 🔒

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Application cost 🔒

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Ongoing cost 🔒

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Passporting 🔒

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MiCA CASPs approved 🔒

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Key restrictions 🔒

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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 2026-07-02 Source: Wolf Theiss: https://www.wolftheiss.com/insights/markets-in-crypto-assets-mica-licensing-in-bulgaria/

Difficulty rating 🔒

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Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Bulgaria's regulator and qualified local counsel before acting.