Bulgaria's Crypto Ownership Doubles in 2024
In 2024, the number of cryptocurrency holders has surged to 562 million, marking a significant increase of 33% from the 420 million reported at the same time last year
The Bulgarian government holds bitcoin for more than $ 3 billion. They were confiscated after police actions against an organized criminal group. This is reported by Coindesk.com, one of the leading journals devoted to the cryptocurrencies.
The publication cites a message from the Southeast European Enforcement Center (SELEC), according to which 213,519 bitcoin were seized in the campaign against criminals in May this year. During the operation, 23 Bulgarians were arrested.
According to data, suspects have used customs computers using special virus and thus have managed to save their customs fees on importing goods into the country.
The curious thing here is that from May to the present day, seized cryptocurrency have risen to over $ 3 billion.
At the moment, it is not clear what the Bulgarian government does with the confiscated bitcoin, the Coindesk material also writes. Also noted is the government's refusal to give further details, arguing that a criminal investigation is under way.
On Friday, the bitcoin rate is about $ 13,000, though it soon transfered the $ 18,000 limit.
Expert.bg
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In 2023, approximately 2,400 Bulgarians earned monthly incomes exceeding 50,000 leva (around 25,000 euros)
By the end of July 2024, Bulgarian banks reported a profit of 2.1 billion leva, marking an increase of 115 million leva compared to the same period in 2023
In Bulgaria, there has been a significant rise in the use of quick loans, a trend driven by several factors
The recent record high in gold prices has sparked discussions among financial analysts about its implications for the economy
The Ministry of Finance in Bulgaria has introduced a draft Law on Cryptoasset Markets aimed at regulating the trading of crypto-assets
Bulgaria has taken on new foreign debt amounting to 3 billion euros and 1.5 billion US dollars
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023