Bulgaria is one of the numerous countries which have aligned with the financial technology and requirements on the digital market. There are numerous websites which offer
cryptocurrency payments for clients who prefer the
bitcoin instead of other types of electronic payment. In completion of the requirements nowadays, investors can direct their attention to
cryptocurrency companies in Bulgaria and generate profits in this important domain. For each type of
company you want to register in Bulgaria, you can solicit information and assistance from our
Bulgarian company formation agents.
The meaning of cryptocurrency in Bulgaria
Cryptocurrency is a legal
method of payment which is supervised by the Bulgarian National Bank. In other words, this
digital currency is a form of payment without involving liquid money in a transaction. The
Bitcoin is the first decentralized
cryptocurrency with roots in Japan and developed worldwide in a fast manner, including in
Bulgaria.
Opening a cryptocurrency company in Bulgaria as a foreign entrepreneur is subject to the main conditions imposed for any type of
company in the country, considering also the special licenses and permits imposed in the financial sector. Even though
cryptocurrency is not used on a large scale, it has sufficient potential to develop and
Bulgaria is open to all kinds of investments in the financial sector, including the one related to the electronic form of payments.
Conditions to open a cryptocurrency company in Bulgaria
Investors who want to
set up cryptocurrency companies in Bulgaria should ask for support and information from our
specialists in company formation in Bulgaria in matters of documents and varied conditions. One should consider the following aspects when deciding on a
cryptocurrency company set up in Bulgaria:
• sign a contract with a Bulgarian bank;
• respect the rules and regulations imposed by the National Bank of Bulgaria;
• adopt a secured method of currency exchange with no hidden conditions or fees;
• offer client support;
• create Bitcoin applications for clients.
Who can use cryptocurrency in Bulgaria?
E-commerce businesses in Bulgaria can offer varied payment methods. The
cryptocurrency can be easily implemented on websites with activities in the retail sector. Even more, the
cryptocurrency can be used as an alternative method of payment in restaurants, bars, pubs or hotels in
Bulgaria.
Business persons interested in
opening a cryptocurrency in Bulgaria and the rules in this matter are invited to
contact our
company formation representatives in Bulgaria.