Bulgaria Passes Crypto Reporting Law, Aligns with EU Requirements
Bulgaria has passed a law requiring crypto service providers to report detailed customer and transaction data to the country's tax authority. The legislation, which was approved with 149 votes in favor and none against, brings national rules in line with European Union information-sharing requirements.
Under the amendments, companies providing crypto asset services will be required to register and submit information to Bulgaria's National Revenue Agency. For each reportable user, providers must collect identifying information including name, address, date of birth, tax identification number, and jurisdiction of tax residence.
The reporting obligation extends beyond customer identification. Crypto companies will need to disclose information covering each type of digital asset for which they have processed transactions, transfers, or exchanges on behalf of users.