Introduction On July 4, 2025, the Law on Crypto-Asset Markets came into effect in Bulgaria. This law introduces a regulatory framework for obtaining crypto-assets licensing in Bulgaria in accordance with Regulation (EU) 2023/1114, known as MiCA (Markets in Crypto-Assets Regulation). It regulates the public offering of crypto-assets, their admission to trading on platforms, the licensing and state supervision of issuers and providers of services related to crypto-assets. The l