Bulgarian Stock Exchange, local investors bitcoin (BTC) and Ethereum (ETH) announced that they can invest according to the price.
In addition, the country’s Finance Minister Assen Vassilev, a cryptocurrency He said that they are evaluating options for the payment mechanism with
Bitcoin and Ethereum Approved by Bulgarian Stock Exchange
According to local news, as of today, Bulgarian investors will be able to bet on the fluctuation of the prices of Bitcoin and Ethereum, the two largest cryptocurrencies in the world.
However, this development does not mean that customers of the exchange can buy cryptocurrencies directly. Instead, investors will invest in Bitcoin and Ethereum-linked ETC and ETN products on the exchange.
Currently, the Bulgarian Stock Exchange can invest in Apple, Samsung, Porsche, Volkswagen, Pfizer, Moderna and many other stocks. In addition, the exchange said that it plans to list 4 additional crypto-focused funds. These funds include VanEck ETP, 21Shares, ETC Issuance and Wisdom Tree.
Bulgaria Begins To Get Closer With Cryptocurrencies
If we evaluate the developments, Bulgaria may have started to get closer to the world of digital assets. Last month, Deputy Prime Minister and Minister of Finance Assen Vassilev said that the government had begun investigating crypto payment techniques in the ‘short and medium term’. Despite this, Vassilev stated that he had doubts that the country would turn into a major digital asset mining center.
Cryptocurrency earnings are currently taxed in the country. In addition, there was an interesting event between Bulgaria and Bitcoin. Local authorities seized 213,519 BTC in 2017 in the country. The whereabouts of these Bitcoins has recently been a topic of discussion again.
*Not investment advice.