As an EU member state, Bulgaria enforces MiCAR (Regulation EU 2023/1114), harmonizing crypto asset rules across the bloc. Bulgaria adopted its own Markets in Crypto-Assets Act (BG MiCAR Act) on 20 June 2025, effective as of 8 July 2025. It regulates public offers, trading of crypto-assets, licensing of CASPs and issuers of ARTs and EMTs. The FSC is the competent authority for most crypto-asset activities, while the BNB specifically regulates EMT issuers.
