Bulgaria's Finance Minister: country studies potential of crypto payments
At the same time, the country is unlikely to become a major hub for cryptocurrency miners
22.01.2022 - 07:05
681
1 min
0
What’s new? Assen Vassilev, Bulgaria’s Finance Minister, has stated that the country is exploring options for implementing a crypto payment mechanism. According to Bloomberg’s report, Vassilev said that the government is discussing with the Bulgarian National Bank as well as market participants the possibility of promoting crypto payments in the short to medium term.
Information on the Bloomberg website
What else did Vassilev say? He added that Bulgaria is unlikely to become a major hub for cryptocurrency miners, even though many of them are considering leaving Kazakhstan amid political unrest and internet disruption.
What is the situation with cryptocurrency in the country? The Bulgarian government is one of the largest holders of cryptocurrencies in the world. This is due to the confiscation of 213 519 bitcoins from an underground criminal network in 2017, which is estimated to be worth $8,2 billion at the time of publication. Whether the digital assets will be auctioned off or used for other purposes remains to be seen.
In 2021, the owner of Bulgarian crypto exchange RG Coins, Rossen Iossifov, was found guilty of conspiracy to commit extortion and money laundering by a federal jury in the United States. The Bulgarian national organized the fraud scheme, capturing more than $7 million funds of Americans. He was sentenced to ten years in prison.
Useful material?
Telegram 
Twitter Incidents
In a single week, hackers went after PHP websites, the Railway cloud platform and a medical company, and experts started talking about a crisis that is only just beginning.
Oct 28, 2026
Incidents
In 104 minutes, the attacker emptied 1,404 addresses before validators halted the network and froze almost all of the loot.
Oct 19, 2026
Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Cryptocurrency rates
-
Bitcoin
$77 195
BTC
-0.96%
-
Ethereum
$2 237.15
ETH
+0.41%
-
BNB Smart Chain
$698.77
BSC
-0.95%
-
Ripple
$1.42
XRP
+1.04%
-
TRON
$0.319699
TRX
-3.72%
-
Zcash
$1 262.23
ZEC
+0.88%
-
Dogecoin
$0.074854
DOGE
-1.14%
-
Cardano
$0.218269
ADA
+2.11%
-
Stellar XLM
$0.184461
XLM
+2.83%
-
Bitcoin Cash
$287.86
BCH
+2.34%