Bulgaria Cracks Down on Bitcoin, Bans Accounts of Domestic Exchanges

[kreslik.news]

The small Eastern European country of Bulgaria is undertaking a crackdown on crypto exchanges. Operations of local websites that are offering customers to buy and sell the digital currency have been crippled.

Bulgarian banks have banned access to the websites and are preventing them from transferring funds to foreign exchanges. The ban has been enacted by banks unilaterally with no explanation given by authorities nor financial institutions.


First Investment Bank is cited as the one that acted on blocking the accounts of several local exchanges, including crypto.bg, cryptobank.bg and cix.bg.

At present crypto.bg’s forum states that the bank ... (read more)