Bulgaria Orders Crypto Exchanges to Hand Over Full User and Transaction Records
Bulgarian authorities have directed cryptocurrency exchanges operating in the country to submit comprehensive user records, including full transaction histories and personal identifying information. The move forms part of an expanding regulatory push aimed at increasing transparency in the digital asset sector.
Scope of the Data Request
Exchanges will be required to provide detailed records covering both personal data of users and complete transaction information. The initial reporting period is set to cover activity throughout 2026, with the first submissions due by June 2027.
The requirement applies to platforms that fall under Bulgarian jurisdiction or serve customers within the country. Once fully implemented, it would give regulators access to a significantly broader set of data than previously mandated under existing anti-money laundering frameworks.
Legislative Status
The measure is contained in a bill that still requires presidential sign-off before it can enter into force. Until that final step is completed, the obligation remains pending, though market participants are already preparing for its potential implementation.
Broader Context
The order reflects a wider European trend toward tighter oversight of crypto service providers. Similar data-reporting obligations have been introduced or proposed in other jurisdictions as regulators seek greater visibility into on-chain and off-chain activity.
For exchanges, the practical impact will depend on the final wording of the legislation and the technical standards for data submission. Platforms that already maintain robust compliance systems are expected to face fewer operational challenges than those with lighter reporting infrastructure.
Market participants will now monitor the presidential review process and any subsequent guidance from Bulgarian authorities on the exact format and scope of the required disclosures.
Nataliya Ivanova publication: "Bulgaria Requires Crypto Exchanges to Hand Over Complete User and Transaction Histories" was written for 24crypto.newsNews from today
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