Category Archives: News

Actual Legal Regulation of Cryptocurrencies in Bulgaria

In the present Bulgarian legal framework, cryptocurrencies (Bitcoin, altcoins) are still perceived, audited and declared before NRA (National Revenue Agency) as a financial asset. Their legal status got some development with the amendment to the Anti-money Laundering Act (AML Act) from November 2019. Generally, its importance, which we have discussed here, is in the following three…
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A Quick Guide to Estonia’s Crypto License and New Requirements

In 2017, Estonia became amongst the first countries in Europe to provide a legal framework for business activities involving virtual currencies. Since then, the Baltic country has emerged as a preferred destination for crypto entrepreneurs to launch their businesses. In a space of three years, Estonia licensed more than 1,400 entities, but as part of…
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Lithuanian Paysera Raises Its Authorised Capital to € 7 Million

Paysera, a Lithuanian payment processor with a dominant presence in the Baltics, has raised its authorised capital from EUR 3 million up to EUR 7 million. The capital was raised from the accumulated profit. Vytenis Morkūnas “Paysera has become a well-known financial partner in the Baltic region and Central Europe, and also beyond the European borders. Its…
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