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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 ...

The Most Favorable Jurisdictions for Crypto Projects in Europe Currently there is no uniform regulation of cryptocurrencies and related services in the EU. Different regulations, policies and interpretations of cryptocurrencies apply in different countries. Thus, cryptocurrency service providers have to familiarize themselves with the laws of the ...

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...

Significant amendments to the Bulgarian Anti-money Laundering Act have been recently promulgated. The changes broaden the specter of obliged persons that must follow the legal requirements for tackling money laundering and financing of terrorism. Among the new obliged persons are some providers of cryptocurrency-related services, in particular: ...