Bulgaria Passes Law Granting Tax Officials Access to Cryptocurrency Data

The Bulgarian National Assembly has passed a law granting tax officials full access to cryptocurrency data. The legislation, which was approved on September 9th, amends the Tax and Social Security Procedure Code and brings Bulgaria in line with European Union directives aimed at improving tax transparency and curbing tax evasion.

The law requires companies dealing in cryptocurrencies to register and report user data to the National Revenue Agency. This includes names, addresses, dates and places of birth, tax residency details, and tax identification numbers. Providers must also submit transaction-level data for each type of cryptocurrency handled, including the total gross amount received, the number of units traded, and the number of purchases or sales against fiat currencies.

Crypto traders and small businesses have expressed concern about compliance costs, warning that mandatory disclosure of personal details could expose users to security risks. Some argue that the amendments go far beyond tax transparency and amount to surveillance of lawful digital-asset activity.