Tagged: bulgaria

Austrian Fintech Paysafecash Launches Services in Bulgaria to Enable Online Cash Purchases

Just a few months after launching its services in Latvia, PaySafeCard, an Austria-based fintech that is part of the Paysafe Group, has made its debut in Bulgaria. As previously reported, PaySafeCard claims it has become a global market leader in online prepaid payment methods and… Read More

Fintech Firms in Bulgaria Need Clear and Predictable Regulations, According to Polva Pevkova, a Finance Ministry Official

Fintech firms in Bulgaria are in need of a clear set of regulatory guidelines on the national and EU level in order to effectively compete in the evolving European market, according to the nation’s government officials. As first reported by See News, Bulgarian Fintech industry… Read More

UK Fintech Payhawk, a Corporate Expense Management Solution Provider, Partners Visa and Wirecard to Issue Business Cards

UK-based Fintech Payhawk, a corporate expense management solution provider that secured €3 million in seed funding in March 2020, has teamed up with Visa in order to issue business cards that offer 0.50% exchange rates. The Payhawk team says that by working with the payments… Read More

New York District Judge Says Multi-Billion Dollar Lawsuit Targeting OneCoin Cryptocurrency Ponzi Scheme May Proceed

Judge Valerie Caproni has lifted the stay on a lawsuit filed against OneCoin, one of the largest cryptocurrency Ponzi schemes. An order recently signed by the New York District judge requires all concerned parties to provide a schedule, which will request the defendants to submit… Read More

UK Fintech Phos, which Offers Software-only PoS to Help Vendors Easily Accept Payments, Secures €1.3 Million in Funding

UK-based Phos, a Fintech firm that provides a software-only PoS to help vendors take payments directly via their phones without requiring additional hardware, has secured €1.3 million in capital. Phos’ latest round was led by Bulgaria-based New Vision 3, an early-stage venture capital firm (part… Read More

Fintech: Bulgaria-based Payment Companies, Paynetics and phyre, Secure Millions of Euros in Funding

Bulgaria-based payment companies, Paynetics, and phyre, have both finalized investment rounds, which were led by the Bulgarian American Credit Bank and VC New Vision 3. Paynetics, which secured €2.5 million in funding, and phyre, which acquired €1.55 million in capital, were both established by Bulgarian… Read More

UK-based Fintech Payhawk, a Corporate Expense Management Solution Provider, Secures €3 Million in Seed Funding

London-based Payhawk, a corporate expense management company, has secured €3 million in seed funding. Founded in Bulgaria, Payhawk’s paperless expense management platform aims to improve the  corporate expense management process. The Fintech firm allows companies to add funds to employee cards and automatically process transactions… Read More

Bulgaria Drafts Bill Obliging Anti-Money Laundering Programs at Crypto Platforms

A draft bill designed to bring Bulgaria in line with anti-money laundering regimes in Europe and smooth the country’s bid to join the European Exchange Rate Mechanism (ERM II) and Banking Union has passed first reading in the Bulgarian parliament, Kinstellar reports. According to the… Read More

OneCoin Affiliates Charged with Fraud in Singapore

Two unnamed individuals were charged with fraud April 10th for their involvement with OneCoin, a multibillion-dollar global cryptocurrency pyramid scheme of  started by a brother and sister team in Bulgaria. Business Times reports that an investigation by the Singapore Commercial Affairs Department and the Singapore Police… Read More

OneCoin: Huge Crypto Ponzi Perp Konstantin Ignatov is Arrested in LA as Feds Close In. “If It Sounds Too Good to Be True, It Probably Is”

On Friday, the Manhattan U.S. Attorney, part of the Department of Justice, issued a statement regarding ongoing Ponzi scam OneCoin stating that alleged perpetrator Konstantin Ignatov had been arrested at the Los Angeles airport. Ignatov was hit with charges of wire fraud conspiracy regarding the… Read More

UK Financial Conduct Authority Issues Consumer Warning Against Bulgarian “Next Coin Market”

The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning against a Bulgarian firm, “…claiming to be an FCA-authorised firm offering cryptocurrencies to UK consumers.” The FSA says the company is illegal and has been soliciting UK investors via email containing various… Read More

Bulgarian Tax Officials Scrutinizing Local Crypto Exchanges and Their Users for Tax Compliance

The Bulgarian National Revenue Agency (NRA) is launching a series of “control actions” to inspect nine cryptocurrency exchanges operating in the region, Novinite reports. The inspections are being conducted in order to ensure that clients and the companies themselves are complying with local tax requirements…. Read More

æternity Opens Foundations in Liechtenstein and Bulgaria to Encourage Blockchain Innovation

æternity, a blockchain 3.0 platform with a focus on efficiency, transparent governance and global scalability, has launched two foundations in Liechtenstein and Bulgaria, to provide grants and educational support to innovative blockchain projects. “Through the creation of these two foundations, æternity takes a significant step… Read More

Three Charged in Bulgaria for $5 Million Cryptocurrency Theft

Bulgarian police have arrested and charged 3 people accused of stealing $5 million in cryptocurrencies, Reuters reports. The arrests were announced Monday by officials from the Bulgarian Ministry of the Interior and local prosecutors. Police seized $3 million in cryptocurrency at the scene as well… Read More

Top Bulgarian Immigration Officials Detained for Selling EU Passports for Bitcoins

The Chief Secretary and the Head of the State Agency for Bulgarians Abroad  (SABA) along with an accused Serbian co-conspirator, have been detained by Bulgarian police and charged with selling EU passports for Bitcoins, Nova and The Times report. According to the Times, SABA Head Petar Haralampiev has been arrested on… Read More

BitLendingClub Gets Seed Investment for P2P Bitcoin Platform

BitLendingClub, a bitcoin peer to peer lending platform has reportedly received €200,000 in seed funding from LaunchHub.  BitLendingClub is a Bulgarian based p2p company that was officially launched in 2012.  The site facilitates borrowers to get loans in Bitcoins and claims the “most competitive rates and… Read More

Send this to a friend