The Crypto Assets Act in Bulgaria will come into force by the summer of 2025.

Bulgaria is taking a step towards regulating the rapidly growing crypto market with the creation of the first-ever Crypto Asset Markets Act. At its meeting today, the government approved the draft law, which aims to create a clear and stable legal framework for the activities of crypto asset service providers and token issuers.

The bill for the Crypto Assets Act was first presented in August 2024. It comes in response to the European Regulation on Markets in Crypto Assets (MiCa) coming into force this year - 2025, which Bulgaria, as a member state of the European Union, is obliged to transpose.