Bulgaria adopts law implementing Europe’s crypto tax reporting rules

Crypto Insight Summary: Bulgaria is stiffening tax reporting requirements for crypto assets, users and platforms in accordance with the latest EU standards in the field, finally joining other member states that have already done so. Under updated legislation, the nation’s tax authority will be able to obtain detailed info about all kinds of coin-related transactions through service providers... Crypto Insight Analysis: Direction: Bearish Crypto Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Increased regulatory scrutiny may deter crypto adoption in Bulgaria.