Bulgaria MiCA (Markets in Crypto-Assets) Crypto Requirements 2025

The EU's Markets in Crypto-Assets (MiCA) regulation, effective December 30, 2024, mandates that all crypto-asset service providers (CASPs) in Bulgaria obtain authorization from the Bulgarian Financial Supervision Commission (Комисия за финансов надзор, FSC) to continue operations. Bulgaria, like other EU member states, has established a 12-month transitional period during which existing CASPs can operate under current regulations while seeking MiCA authorization.

MiCA introduces a unified regulatory framework for CASPs across the European Union, creating new opportunities for compliance and innovation while ensuring consumer protection and financial stability. Key dates for MiCA implementation in Bulgaria are as follows:

• June 30, 2024: Provisions for asset-referenced tokens (ARTs) and e-money tokens (EMTs) become applicable.
• December 30, 2024: MiCA's full provisions come into effect, requiring CASPs to obtain authorization from the FSC to continue operations.
• December 30, 2025: Bulgaria’s 12-month transitional period concludes, after which only authorized entities may legally provide crypto-asset services.

How Scorechain’s AML Compliance Tools Support Crypto-Asset Service Providers (CASPs) in Bulgaria

Mandatory Licensing

In Bulgaria, CASPs must comply with MiCA’s EU-wide licensing requirements and register with the FSC for local operations. Scorechain provides a robust compliance framework to help CASPs maintain a clear audit trail and meet both MiCA and FSC regulatory expectations.

Enhanced Due Diligence (CDD)

Bulgaria’s AML framework, under the Measures Against Money Laundering Act (Закон за мерките срещу изпирането на пари, ZMIP), requires stringent customer due diligence. Scorechain’s tools enable CASPs to verify wallet screening, assess risk levels, and monitor transactions, ensuring compliance with both FSC’s requirements and MiCA standards.

Reporting Obligations

CASPs in Bulgaria report suspicious activities to the Financial Intelligence Directorate (Дирекция "Финансово разузнаване") under the State Agency for National Security (ДАНС). Scorechain simplifies this process with its Suspicious Activity Reporting (SAR) features, ensuring compliance with MiCA and Bulgaria’s reporting obligations.

Internal Controls

Bulgarian CASPs are required to establish robust internal policies under ZMIP. Scorechain supports CASPs in developing tailored compliance programs, combining MiCA requirements with Bulgaria’s specific AML obligations for effective risk management.

Regulatory Oversight and Transparency

Scorechain provides real-time analytics and reporting dashboards that meet the high transparency standards of the FSC. These tools facilitate regulatory supervision and ensure Bulgarian CASPs remain compliant with MiCA while maintaining efficient collaboration with national authorities.

Why Scorechain is Ideal for Bulgarian CASPs

By integrating Scorechain’s AML solutions, CASPs operating in Bulgaria can:

• Seamlessly align with MiCA and the FSC’s regulatory framework.
• Build trust with customers and regulators by ensuring operational transparency.
• Mitigate risks through automated transaction monitoring and robust internal controls.

Scorechain empowers Bulgarian CASPs to confidently navigate the evolving regulatory landscape, ensuring compliance with MiCA and fostering trust in Bulgaria’s growing crypto market.

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