LogoRegulatory Alerts

Bulgaria: crypto & digital assets regulation

Regulated

Comprehensive VASP licensing regime under Bulgaria's 2026 Law on Crypto-Asset Markets, with FSC as lead regulator

Lead regulator:
Financial Supervision Commission Bulgaria
Key law:
Law on Crypto-Asset Markets, 2026
Last updated:
2026-07-12

Bulgaria has established a comprehensive regulatory framework for crypto-assets and related service providers, primarily through the 2026 Law on Crypto-Asset Markets and Regulation No. 77. The Financial Supervision Commission (FSC) acts as the lead regulator, responsible for licensing and oversight. This framework aligns with EU Regulation (EU) 2023/1114 (MiCA).

Entities involved in the public offering and trading of crypto-assets, as well as asset-backed token issuers and crypto-asset service providers, are required to obtain a license from the FSC. The licensing process mandates strict organizational requirements and detailed application procedures, including documentation on key personnel.

The legislation aims to regulate the burgeoning crypto market, ensuring compliance and investor protection. This recent legislative activity in 2026 signifies a clear direction towards a fully regulated crypto ecosystem in Bulgaria.

Who regulates

  • Financial Supervision Commission Bulgaria

    Competent authority for licensing crypto-asset issuers and service providers, overseeing the public offering and trading of crypto-assets.

    [1][2]

Core laws & rules

  • Law on Crypto-Asset Markets (2026)

    Regulates the public offering and trading of crypto-assets, establishing the FSC as the competent authority for licensing issuers and service providers under Regulation (EU) 2023/1114.

    [1]

  • Regulation No. 77 on the Conditions and Procedures for Licensing and Conduct of Activities by Asset-Backed Token Issuers and Crypto-Asset Service Providers (2026)

    Establishes detailed conditions and procedures for licensing asset-backed token issuers and crypto-asset service providers in Bulgaria.

    [2]

Licensing & registration

  • Crypto-Asset Issuers (specifically Asset-Backed Token Issuers)

    Requires licensing under Regulation No. 77, involving specific application forms and documentation regarding key personnel.

    [1][2]

  • Crypto-Asset Service Providers

    Requires licensing under the Law on Crypto-Asset Markets and Regulation No. 77, mandating strict organizational requirements and detailed application procedures.

    [1][2]

Restrictions & warnings

  • Strict organizational requirements are mandated for entities seeking to operate as crypto-asset issuers or service providers.

    [1]

  • Detailed conditions and procedures, including specific application forms and documentation regarding key personnel, must be met for licensing.

    [2]

Direction of travel

  • Bulgaria has recently implemented a comprehensive regulatory framework for crypto-assets and service providers, aligning its national legislation with EU Regulation (EU) 2023/1114 (MiCA). This establishes a clear path for the licensing and oversight of crypto-asset activities by the Financial Supervision Commission.

    [1][2]

Sources

  1. Law on Crypto-Asset Markets · 2026-05-29
  2. Regulation No. 77 of 12.03.2026 on the Conditions and Procedures for Licensing and Conduct of Activities by Asset-Backed Token Issuers and Crypto-Asset Service Providers · 2026-03-12

Email alerts for Bulgaria updates

New circulars, rules and guidance — a digest in your inbox, same day.

This guide is compiled automatically from 2 primary-source documents published by Bulgaria's regulators, reviewed by RegAlert, and refreshed monthly (last updated 2026-07-12). It is not legal advice — always confirm requirements with the regulator or local counsel before acting.