Bulgaria has published Decree No. 61, enacting the law ratifying the CARF MCAA and the CRS Addendum. The legislation enhances financial transparency through the automatic exchange of information on crypto-assets and financial accounts.
Bulgaria has published Decree No. 61 of 25 February 2026, enacting the law ratifying the Multilateral Competent Authority Agreement on Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF MCAA) and the Addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS) on 27 February 2026.
Excerpts from the Bulgarian State Gazette confirm the official ratification of international agreements designed to enhance financial transparency through the automatic exchange of information.
Key components of the legislation
- Crypto-Asset Reporting Framework: The law ratifies a multilateral agreement for the automatic exchange of information regarding crypto-assets. This agreement was originally signed on 26 November 2024 in Asuncion.
- Financial Account Information: The legislation also ratifies a Supplement to the Multilateral Agreement for the automatic exchange of information concerning financial accounts, building upon a previous agreement signed by Bulgaria in Sofia on 29 October 2015.
Procedural details
- Legislative Approval: The 51st National Assembly passed the ratification law on 18 February 2026.
- Executive Action: President Iliyana Iotova issued Decree No. 61 on 25 February 2026 to publish the law, which was also signed by Minister of Justice Andrey Yankulov.
- Official Validation: The law was certified by the Chairperson of the National Assembly, Raya Nazaryan.
The enactment of this law aligns Bulgaria with global efforts to improve financial transparency and strengthen international cooperation in the automatic exchange of financial and crypto-asset information.
Earlier, Bulgaria’s National Assembly ratified the Multilateral Competent Authority Agreement on Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF MCAA) on 18 February 2026.
