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‘Where does all that potential actually end?’ NFTs appear to be all about pushing boundaries and making headlines. How to make sense of this NFT boom? For a brief overview of the nature of NFTs and the legal challenges of these assets, see our previous article “In the public eye - NFTs” here. The Blockchain continuum Blockchain is the backb...

Overview and legal challenges of the crypto-asset NFT We live in interesting times where digitalization has become the norm. The rise of crypto economy is a social and financial phenomenon that has grabbed a firm hold of various participants – developers, investors, financial institutions and governments. Non-fungible tokens, or NFTs, may appear...

Most Popular Crypto Terms And Abbreviations Abbreviations AML (Anti-Money Laundering) – a set of policies, regulations and procedures intended to prevent persons and entities from concealing the origins of illegally obtained funds and making them appear legitimate. BTC (Bitcoin) – a decentralized, privately issued digital currency that can be ...

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 discuss...