Bulgaria introducing Crypto Payment Options
For any country presently away from the Eurozone, Bulgaria intends to introduce a government-backed digital currency payment initiative “in short to medium term.”
Based on a Bloomberg report, citing Assen Vassilev, Bulgaria’s deputy pm for EU Funds and minister of Finance, the federal government is presently being debated with industry stakeholders and also the Bulgarian National Bank in regards to the crypto payment initiative.
Using the European Central Bank (ECB) intending to get the Digital Euro Central Bank Digital Currency (CBDC) for that countries while using Euro, Bulgaria won't be advantageous out of this CBDC use for the short term. However, the nation presently has got the pact to participate the Eurozone in 2024, where it'll switch from the currency, the Lev, to Euros. Th...