Bulgarian Parliament Passes Bill Granting Tax Authority Access to Crypto User Data

The National Assembly of Bulgaria passed an amendment to the Tax and Social Security Procedures Act on September 9, with 149 votes in favor, 0 against, and 10 abstentions, allowing the Bulgarian National Revenue Agency to access detailed information about cryptocurrency users. The bill was approved by a vote in the 240-seat parliament. The amendment implements two European Union (EU) directives, requiring cryptocurrency-related businesses to register and report user names, addresses, dates and places of birth, tax residency, and tax identification numbers to the Bulgarian National Revenue Agency. They must also submit transaction data for various cryptocurrencies, including gross amounts received, transaction volumes, fiat currency trading counts, and cryptocurrency exchange situations. Privacy advocates criticized the broad scope of data collection, arguing that mandatory disclosure of personal information could pose security risks. Cryptocurrency traders and small businesses expressed that the registration and reporting requirements would increase compliance costs; however, supporters of the bill believe it aligns with EU standards and helps curb tax evasion. The relevant directives require EU member states to complete adoption by December 31, 2025.

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