Licentium

From the journal

European Commission issues formal notice to Bulgaria for DSA non-compliance

The European Commission has sent an additional letter of formal notice to Bulgaria for non-compliance with the Digital Services Act, impacting digital service providers in the EU, including fintech and crypto sectors.

1 min read

The European Commission issued an additional letter of formal notice to Bulgaria on 1 October 2026 for failing to comply with the Digital Services Act (DSA). The notice requires Bulgaria to empower national authorities to enforce compliance with the DSA.

The Commission relies on Regulation (EU) 2022/2065, specifically addressing Bulgaria's non-compliance with the DSA.

This action applies to all digital service providers operating in the EU, including those in the fintech and crypto sectors.

The material does not specify a deadline or transitional period for compliance.

The Commission's action highlights the ongoing enforcement of the DSA and the need for member states to ensure effective compliance.

Source: European Commission, official publication, retrieved 2026-10-02

More from the journal

See all
Illia Prokopiev

How to issue a stablecoin in the EU

The EU Markets in Crypto-Assets Regulation (MiCA) provides different issuance routes for different types of stablecoin.

Illia Prokopiev

Permissions and capital for a Dubai digital asset venture

A digital asset business in Dubai may require financial permissions alongside its commercial licence. The legal questions are which permissions a proposed operator needs, when it may start, and how fees differ from capital. The focus is permissions administered by the Dubai Virtual Assets Regulatory Authority (VARA), with the relevant Dubai International Financial Centre (DIFC) and federal boundaries. (Dubai Law No. 4 of 2022, arts. 3, 15; VARA Virtual Assets and Related Activities Regulations 2023, Schedules 1–2.)

Illia Prokopiev

How do I obtain a payment institution licence?

A payment institution (PI) provides specified payment services, including transfers, money remittance and merchant acquiring. A new non-bank applicant must identify which services its requested permission will cover. The question concerns obtaining that permission in the UK or Ireland, including the available registration alternatives.

Ready to launch without the regulatory guesswork?

Book a 30-minute consultation with a senior advisor and talk through your route.

Get Started

Where to go from here

Try Licentium AI

Licentium's AI workspace for regulatory questions. Web3 and AI teams shipping fast.

Browse the Fintech Licensing Hub

Jurisdiction-by-jurisdiction guides on licensing pathways, timelines, and costs.

Talk to us

Book a 30-minute consultation. We'll map your path and tell you what's required.