The Bulgarian Government Is Negotiating The Legalization of Cryptocurrency Payments

The head of the ministry noted that we are talking about the use of digital assets in payments. Bulgaria does not claim to be the main minin...

The head of the ministry noted that we are talking about the use of digital assets in payments. Bulgaria does not claim to be the main mining pool in Europe. Bloomberg reports that Deputy Prime Minister of Bulgaria Assen Vassilev has already held talks with the central bank, as well as with the main players in this industry, in order to study in more depth the procedure for launching payments in cryptocurrency “in the short and medium-term.”

The publication also notes that many bitcoin miners from Kazakhstan would like to move to Bulgaria. In addition, the government of the country can be one of the largest holders of the first cryptocurrency in the world. The reason is that since 2017, financial services have seized about 213,519 bitcoins from private users. The confiscation of assets took place as part of a series of criminal cases against a large crypto exchange.

To date, this amount of BTC is worth approximately $8.2 billion. Experts say that plans to legalize crypto payments in the country may be due to the fact that Bulgaria has not yet switched to the euro. The launch of the common European currency is planned only in 2024, and in 2025 the ECB will present a ready-made prototype of the digital euro, and the Bulgarian leadership is most likely skeptical about the benefits of switching to e-euro.

PAY SPACE STORE HELP

The US Federal Reserve has released a report containing the results of a study on the issuance and circulation of the national digital currency (CBDC). Financial regulator experts note that the new payment instrument can fundamentally transform the country's financial system, changing the roles and responsibilities of the private sector and the central bank.

COMMENTS

Name

Articles,10,Business,14,Technology,14,
ltr
item
iTechScroll: The Bulgarian Government Is Negotiating The Legalization of Cryptocurrency Payments
The Bulgarian Government Is Negotiating The Legalization of Cryptocurrency Payments
https://blogger.googleusercontent.com/img/a/AVvXsEh3gszWqQf-sEyDAWzxBLIiIzHRLEgvIF0bt9qvsgdeMLiWZhV8mj-GhCv6wrYJjbwF1Js_i1HYBlEdMqY5O784fKGqdedRQjsgtDOJpIOgtZW1DJONuWPUbslnzaqty3vV7zi66e57KYczyEuFqD-MXoLZVYU5RhYB60aWsNpyKmy_Ngz0T2Rk_UlFIg=s16000
https://blogger.googleusercontent.com/img/a/AVvXsEh3gszWqQf-sEyDAWzxBLIiIzHRLEgvIF0bt9qvsgdeMLiWZhV8mj-GhCv6wrYJjbwF1Js_i1HYBlEdMqY5O784fKGqdedRQjsgtDOJpIOgtZW1DJONuWPUbslnzaqty3vV7zi66e57KYczyEuFqD-MXoLZVYU5RhYB60aWsNpyKmy_Ngz0T2Rk_UlFIg=s72-c
iTechScroll
https://www.itechscroll.com/2022/02/the-bulgarian-government-is-negotiating.html
https://www.itechscroll.com/
https://www.itechscroll.com/
https://www.itechscroll.com/2022/02/the-bulgarian-government-is-negotiating.html
true
8098073338750232297
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content