Bulgarian government came into possession of the significant treasure after Bulgarian law enforcement authorities seized the Bitcoins during an operation related to identifying cyber-crimes committed by an international group of hackers. The strategy is based on 4 key pillars, namely, (1) managing cyber security risks, which aims to ensure a safe cyber space for trading crypto currencies, (2) creating licensing procedures allowing to establish and supervise companies that offer financially innovative products and services, including crypto. At the current rates, the value of those Bitcoins is over 804 million US dollars. How are crypto currencies taxed in Bulgaria? Do OneCoin leaders enter underground circles in Bulgaria and threaten people, if they search the truth? Adoption, a Bulgarian University is offering bursaries in Bitcoin in 2018. At present, there is no comprehensive regulatory framework governing countrys growing FinTech sector and transactions using crypto currencies, such as buying, selling, and paying with Bitcoins, are not subject to licensing requirements. Bulgaria is a leading country of Balkan region in terms of IT and scientific development. However, Bulgarian banks and authorities are not welcoming to cryptocurrencies. In Bulgaria, the trade using crypto currencies is treated in the same way as other financial assets in terms of taxation.
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The authorities of most safe bitcoin wallet Bulgaria dont consider Bitcoin to be legal tender and dont regulate. Bulgaria is an attractive destination for online businesses as it offers not only affordable well-educated workforce (Bulgarian developers are well-known as providing excellent services for reasonable fees) but also an extremely competitive taxation environment the country levies the lowest corporate and personal income tax. The surprising statistics relate to the fact that the Bulgarian government owns at least 213.000 Bitcoins. Finding a treasure, in the recent news, Bulgaria came up as the country holding the second largest amount of Bitcoins in the world. In late 2017, Bulgarian banks blocked the Bitcoin exchanges accounts that were opened in the country, and in May 2017, a series of raids performed by law enforcement of Bulgaria seized over 213,000 Bitcoin. Sofia, Bulgaria On April 2, the Bulgarian Tax Service published an assessment on crypto-currencies. Bulgaria has a Bitcoin tax that is 10 percent of profit made with Bitcoin. In next block Sofia, Andy Cheung, our Head of Operations, will be speaking on stage about how we create a transparent blockchain ecosystem and help project teams and users to connect and support each other. Read our guide on the best Bitcoin cryptocurrency wallets. Crypto businesses in Bulgaria, bulgaria is an active participant in the FinTech sector entailing trade in crypto currencies.
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