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It is important for end users in Bulgaria to know that new Rules on switching Internet access service providers are adopted. End users are natural persons and legal entities alike. The Rules establish exactly in which cases the end users can resort to the designated switching procedure as set forth in the Rules. Outside these specified cases, the e...

In July this year the National Assembly of Bulgaria adopted new rules and regulations concerning crowdfunding, which affect the market actors in the start-up ecosystem – the project owner, the investors and the intermediating organisation in the form of a crowdfunding service provider. Requirements for crowdfunding services are established regardin...

Are Smart Contracts Next in the Line of Fire? A very recent piece of news is racking experts’ and enthusiasts’ brains alike with the question what’s behind the U.S. ban on Tornado Cash and what’s to follow. Tornado Cash is a decentralized, open-source protocol for private transactions on the Ethereum network. The ban is related to suspicions for...

Renting guest rooms/guest apartments is a tourist activity within the meaning of the Tourism Act. The general rules for the hotel business as a tourist activity apply in this case as well. According to Art. 113, para. 3 of the Tourism Act, "online, including through an electronic platform that connects users of tourist services and the p...