Bulgaria has tightened management of the digital asset industry by approving new regulations that provide tax officials access to comprehensive data about cryptocurrency users and their activities. On September 9, the National Assembly passed the amendments that mandate crypto-asset firms register and provide the National Revenue Agency (NRA) with user and transaction details.
The new framework is linked to European Union tax-reporting rules and will also allow relevant information to be exchanged between tax authorities in EU member states and partner countries.
The legislation was approved during its second and final reading with 149 votes in favour, no votes against and 10 abstentions in the 240-seat parliament. The changes were introduced by the government to bring European directives on administrative cooperation and tax information exchange into Bulgarian law.
BREAKING: Bulgaria orders crypto exchanges to hand over user records.
• Full transaction & personal info required.
• Initial reports covering 2026 due June 2027.
• Bill needs presidential sign-off to pass. pic.twitter.com/ya71ShwH9N
— Bitcoin Archive (@BitcoinArchive) September 9, 2026
Under the new system, crypto-asset service providers will have to provide identification details of their users. This includes names, addresses, dates and places of birth, tax residence and tax identification numbers. Companies will also have to report information about the crypto assets involved in transactions, transfers and exchanges.
The reporting requirements will go beyond simply identifying customers. Crypto companies will also have to provide information on transactions, including the gross amount received and the number of crypto-asset units involved. Purchases and sales involving traditional currencies will also be covered, as will transactions carried out entirely between different crypto assets.
The changes are part of a broader European effort to prevent people from hiding taxable crypto income. Under the EU framework, tax authorities will be able to exchange relevant information about people trading crypto assets with the authorities in the jurisdictions where those taxpayers are resident.
Crypto-asset service providers will therefore collect information on reportable activity and submit it to national tax authorities. The taxpayer’s country of origin can then receive the pertinent data from those authorities.
Bulgaria’s action follows the EU’s December 31, 2025, deadline for putting the pertinent regulations into effect. The new regulations move the nation closer to the larger European framework for the automatic sharing of tax data pertaining to cryptocurrencies.
The approach highlights a growing shift in crypto regulation from simply monitoring exchanges to building detailed reporting systems around users and transactions. For crypto users in Bulgaria, the change means that activity carried out through regulated service providers will become considerably more visible to tax authorities.
Other countries are taking different approaches to crypto taxation. South Korea, for example, is considering delaying its planned crypto income tax from January 2027 to January 2030. Under its current plan, annual gains above 2.5 million won would face a combined 22% tax.
For Bulgaria, however, the immediate focus is not a new crypto tax rate but greater transparency of crypto activity. The new reporting framework is designed to give tax authorities a clearer picture of who is using crypto services, what assets they are trading and how much activity is taking place.
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