Bulgaria approved the CRS MCAA Addendum on 21 October 2025, expanding reporting to include crypto-assets under the OECD’s CARF, with exchanges set to begin by 2027.
The Bulgarian Council of Ministers approved the Addendum to the 2024 Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information (CRS MCAA) on 21 October 2025.
This addendum incorporates updates to the 2023 Common Reporting Standard (CRS), expanding the types of information to be reported, including data on crypto-assets, and strengthening due diligence and reporting obligations (CARF).
The Crypto-Asset Reporting Framework (CARF), developed by the OECD, is designed to address the challenges posed by crypto-assets.
Bulgaria became a signatory to CARF on 26 November 2024 and plans to begin exchanging information under the framework by 2027, according to OECD documents.