Georgi Traykov

Navigating Regulatory Changes: Understanding the Re-Registration Process for Crypto Exchanges in Bulgaria

In recent years, the cryptocurrency market has experienced rapid growth, leading to increased regulatory scrutiny worldwide. Bulgaria is no exception, with recent amendments to the Anti-Money Laundering Act (AML) and related regulations impacting companies operating within the cryptocurrency sphere. One significant change is the requirement for companies already registered as virtual currencies exchange service providers…

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Innovation Unveiled: Bulgaria’s bold leap with Variable capital company

On 2 August 2023, the Bulgarian legal landscape was dramatically invigorated with the most significant transformation in Commercial Law over the past three decades, as announced in the State Gazette. This transformative act heralds the inauguration of a variable capital company (VCC), a pioneering and avant-garde form of corporate entity. This groundbreaking initiative is tailored…

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We seek a legal fellow to join our team

We seek a part-time legal fellow to join our team. The ideal candidate has to be in her/his last years at the law school. The candidate shall possess a proven commitment to Real estate and Labor law, Corporate and M&A, IP & Trademarks, Tech Law and should also demonstrate familiarity with Dispute Resolution. Excellent writing…

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Crypto regulations in Bulgaria

The founder of the theory of natural selection Charles Darwin said: “It is not the strongest or the smartest who survive, but those who adapt best to change.” Although the above thought applies to evolution, the same principle can be applied to almost all areas of development, with cryptocurrencies being no exception. The world of…

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Tokens: what one should know

We are witnessing one of the largest economic transformations in human history from paper-based analog assets to digital ones. It is amazing that nowadays anyone across the globe can possess a digital value that may represent many types of real-life assets or may give access to rights in a global context. Thanks to tokens this is…

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LimeLegal is LIVE!

3 November 2020 We are happy to announce the launch of a brand new Blockchain & Fintech legal advisory company: LimeLegal.  The company is joint venture between LimeChain ( and Progressive Lawyers. With this partnership we bridge law and tech bringing the best of both worlds. Having the right mix of legal & technological expertise…

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Georgi Traykov was elected as а board member of ABLE

28 February 2019 The Managing Partner of Progressive Lawyers Georgi Traykov was elected as board member of the Bulgarian Leaders and Entrepreneurs Association (ABLE). The NGO is an active community of entrepreneurial young people who contribute to the development of the environment around them, wherever they are. ABLE also serves as a platform for generation…

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ICO – what is it?

What is an Initial Coin Offering (ICO) The ICO usually starts with the publishing of white paper. The latter elaborates on how a crypto token technology works and what the tokens would be used for. The white paper also specifies the services or the product which is to be funded. For the distribution of the…

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Crypto currencies – legal nature in Bulgaria

Crypto currencies are a modern phenomenon that enjoys increasing popularity. It is undoubtedly due to the most famous of them – the “Bitcoin”. This article will focus in brief on the clarification of the nature of the crypto currencies as well as it will make a comparison between them and the fiat currencies under Bulgarian…

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Progressive lawyers is very excited to be in this industry. If you need any assistance just give us a call or send us an e-mail. We would be happy to brain-storm together at any time.

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