MiCA Requirements Officially Issued for Bulgarian VASPs
Our clients — Bulgarian VASPs — have started receiving letters from the regulator: what does it mean and how should you respond?
The Bulgarian Financial Supervision Commission (FSC) has sent out official letters to all companies registered in the transitional register under §5(3) of the Digital Assets Markets Act. This marks the beginning of the implementation phase of the new licensing regime based on Regulation (EU) 2023/1114, widely known as MiCA.
📩 The letters request companies to:
- Provide detailed information about their business activities — from geographical coverage to financial performance and marketing strategies.
- Confirm whether they plan to apply for a MiCA license.
- Prepare an initial documentation package prior to submitting the application, including company structure, core team, and a business model overview.
❗️Key deadline: July 1, 2026.
By this date, all companies must either obtain a license or cease any activity involving virtual assets. Otherwise, the regulator will have the authority to suspend services.
🧠 What does this mean for the market?
This is the start of a formalized digital finance industry in Bulgaria. Regulatory pressure is rising, and companies have limited time to adapt to the new standards. Special focus is being placed on:
- Eliminating non-transparent business structures
- Verifying sources of revenue and client bases
- Ensuring operational alignment with MiCA requirements
🔍 How FINANCEIQ HUB LTD supports companies in Bulgaria
We offer:
✅ Full legal and procedural support to obtain a MiCA license in Bulgaria or another EU jurisdiction
✅ A strategic alternative to MiCA — registering a company with an MSB license in Canada, enabling global operations under lighter regulatory conditions
✅ Bank account setup for entities
✅ Risk assessment, document preparation, and FSC communication on your behalf
FinanceIQ Hub 
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