Bulgaria Parliament Votes to Require Crypto Firms to Report User Data

  • Bulgaria’s parliament approved crypto reporting rules requiring companies to provide user and transaction data.
  • First reports covering 2026 activity are due to Bulgaria’s National Revenue Agency by June 30, 2027.
  • South Korean lawmaker Jeong Seong-guk proposed delaying crypto income tax until January 2030.

Bulgaria’s parliament approved rules requiring crypto-asset companies to register and provide detailed user and transaction data to the National Revenue Agency. The measure, approved on September 9, covers names, addresses, dates and places of birth, tax residence, tax identification numbers, traded assets, transaction counts, gross amounts, and purchases or sales involving both fiat and crypto assets. The new framework transposes EU tax-reporting requirements intended to help member states exchange information and combat crypto tax evasion; Bulgaria acted after the December 31, 2025 transposition deadline. The vote was reported as 149 in favor with 10 abstentions, while an earlier account recorded the result as 149-0. Existing rules apply from January 1, 2026, with first reports covering 2026 activity due to Bulgaria’s National Revenue Agency by June 30, 2027, and EU-wide automatic exchanges scheduled to begin by September 30, 2027. South Korean lawmaker Jeong Seong-guk has proposed moving that country’s planned crypto income tax from January 2027 to January 2030, although the government continues to support the 2027 start date.

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