Altcoins.bg has officially submitted an application for a MiCA license
Some time ago, we shared our plan regarding the MiCA regulation and how we are preparing Altcoins.bg for the new European framework.
If you have not read it yet, you can do so here:
Altcoins.bg and MiCA. What is our compliance plan?
We have news!
On Thursday, we officially submitted our application for a MiCA license to the Financial Supervision Commission.
Yes, we are now formally in the process.
What does this mean in practice?
Altcoins.bg is the first Bulgarian crypto platform to finalize its documentation and officially submit it for regulatory approval.
We are not talking about intentions. We are not talking about plans. We are talking about submitted documents and a formally initiated regulatory procedure.
This is the result of months of work on internal policies, procedures, and control structures.
MiCA is not just a box to tick. It is a framework that requires clearly built processes and full operational readiness.
What happens next?
The procedure goes through several stages:
- First, the FSC conducts a completeness review of the application.
- If everything meets the formal requirements, a detailed assessment of the submitted documentation begins.
- At this stage, key elements are reviewed, including organizational structure, internal controls, client protection, risk management, and compliance with applicable EU rules.
- Once the regulator is satisfied that full compliance has been achieved, the next step is the issuance of the license.
When is the license expected?
The entire process will not be short, and that is normal. Licensing under MiCA is a serious procedure designed to ensure long-term stability and clarity across the sector.
Our expectation is that within the MiCA transitional period, we will complete all stages, working closely with the regulator, and soon be able to share something important for the Bulgarian market:
- the first MiCA license in Bulgaria for a fully crypto-focused platform.
This is not a PR move for us
This is the next natural step in the development of Altcoins.bg.
We are building a platform that thinks long term, plays by the rules, and aims to be here not for one cycle, but for many years ahead.
We will keep you updated on every next step.
