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Bulgaria passes law requiring crypto firms to report user transactions

Bulgaria passes law requiring crypto firms to report user transactions

Bulgaria’s parliament has approved final changes requiring crypto service providers to report detailed customer and transaction data to the country’s tax authority, bringing national rules in line with European Union information-sharing requirements.

Summary

  • Bulgaria’s parliament approved the crypto reporting amendments with 149 votes in favor, none against and 10 abstentions.
  • Crypto providers must report customer identities, tax residency details and transaction information to the National Revenue Agency.
  • Reported data will cover crypto purchases, sales, transfers, exchanges and transactions involving fiat currencies or other crypto assets.
  • The rules bring Bulgaria in…

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