Crypto License in Bulgaria

Crypto License in Bulgaria (MiCA Transposition) – 2025

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Bulgaria has formally transposed the EU MiCA (Markets in Crypto‑Assets) regulation into national law, marking a major step toward full crypto licensing and supervision. The new Crypto‑Asset Markets Act, approved by Parliament on 20 June 2025, introduces a transitional period through 2026 and grants the Financial Supervision Commission (FSC) and Bulgarian National Bank (BNB) oversight over crypto-asset ecosystems

What is the Bulgarian MiCA Law?

• Sets up licensing and regulation for crypto issuers and service providers (CASPs) via FSC.
• BNB specifically oversees e-money tokens.
• Defines “crypto‑asset” and “token” types, including public offering & trading admission procedures
• Implements a transitional period until 2026 to allow pre‑existing crypto firms to comply 

Who Needs a Licence and When?

• All CASPs: exchanges, custodians, brokers, investment advisors, token issuers, etc.
• Existing VASPs (under AML regime) must transition from NRA registration to FSC MiCA licence by end‑2026 (grandfathering expires late 2025–2026) 
• Platforms issuing e-money tokens fall under dual oversight from BNB 

Licensing Requirements

• Own-funds minimum: €50k–€150k, depending on service type 
• Fit & Proper checks: key managers must have integrity, skills, and clean records .
• Governance and controls: risk management, cybersecurity, conflict-of-interest, client-assets segregation, complaints procedure.

Supervisory & Enforcement Powers

• FSC gains authority to supervise, licence, inspect, sanction (up to BGN 30 million or 15 % turnover), and freeze assets; can block apps/sites in urgent cases without court approval
• BNB responsible for issuer supervision of e-money tokens 

Transition & Grandfathering

Advantages of Bulgarian MiCA Licensing

• EU Passport: A licence grants access to EU-wide service provision.
  
  
• Regulatory legitimacy: Strong consumer protections and oversight.
  
  
• Early advantage: First movers benefit during transitional phase.
  
  
• Clear governance: Defined roles for FSC and BNB streamline regulation.
  
  

Next Steps for Crypto Businesses

1. Assess license path: Identify desired service category (exchange, custody, etc.).
   
   
2. Prepare documentation: Business plan, capital proof, governance framework.
   
   
3. Apply to FSC: Post‑31 Dec 2024, via structured MiCA application.
   
   
4. Maintain compliance: Ongoing reporting, audits, consumer safeguards.
   
   
5. Leverage passporting: Scale across EU with a single MiCA licence.
   
   

How Scorechain Helps You Stay MiCA-Compliant

At Scorechain, we work with crypto businesses across Europe to simplify their compliance journey. Our platform brings everything you need to stay ahead of MiCA - without adding complexity to your day-to-day operations.

Crypto Transaction Monitoring

Get automated, real-time risk scoring for every transaction. Detect suspicious wallet activity and stay in line with EU AML standards.

Travel Rule Compliance

Scorechain connects directly with Notabene and CryptoSwift, making it easy to handle identity verification and secure data exchange between VASPs.

Blockchain Risk Analytics and KYT

Track wallet behavior, monitor on-chain risks, and generate audit-ready reports in minutes - with clear flags for fraud, darknet exposure, or sanction links.

Sanctions and Blacklist Monitoring

Screen wallets against global sanction lists and block high-risk addresses before transactions are confirmed.

Ready to Launch?

Scorechain supports over 150 financial institutions and crypto companies across the EU with advanced tools for crypto compliance, risk monitoring, and regulatory reporting.

If you're preparing to apply for a CASP license in Bulgaria - or just want to see how our solution fits into your compliance strategy - we’re here to help.

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