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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State of Emergency measure 60/40 – who can apply?

A newly passed Decree № 55/30.03.2020 of the Council of Ministers of Bulgaria defines the rules for compensations to the employers in the period of State of Emergency, also known as measure “60/40”. The Decree has retroactive effect and it shall be deemed entered into force as of March 13, 2020 when the State of…

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Еmployers – employees relations during the COVID-19 State of Emergency in Bulgaria

On March 24th, 2020 the Bulgarian parliament enacted the Measures and Actions during the State of Emergency Act. The latter is considered retroactively entered into forced as of 13th of March 2020 – the day on which State of Emergency was declared by a Decision of the Bulgarian Parliament for period of one month. Some…

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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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