Day in 3 news: Cabinet: No threat to Bulgaria over Iran escalation; Crypto assets regulation passes; Transport unions warn of a new strike in Sofia

Day in 3 news: Cabinet: No threat to Bulgaria over Iran escalation; Crypto assets regulation passes; Transport unions warn of a new strike in Sofia


Iran must not be allowed to develop a military nuclear program: MFA

Bulgaria's Ministry of Foreign Affairs (MFA) emphasized on Sunday that Iran must be prevented from developing a nuclear program for military purposes. "We believe that preserving the international legal order and mechanisms for arms control and non-proliferation is of paramount importance," the MFA wrote.

"With a view to preserving regional and global stability and in accordance with all the findings and recommendations of the International Atomic Energy Agency (IAEA), as well as other international organizations and agreements on the non-proliferation of weapons of mass destruction, we call for de-escalation and diplomatic efforts to avoid further deterioration of the situation," the statement added.

On Monday, the Council of Ministers convened an emergency meeting over the Middle East crisis, with the responsible ministers claiming there are no military threats or potential oil delivery issues for the country after the US bombings.

Crypto assets in Bulgaria are now regulated by law

On Friday, Bulgaria took a decisive step towards introducing regulation in the crypto industry as the National Assembly finally adopted the Law on Crypto Asset Markets on second reading with a significant majority. The bill, submitted by the Council of Ministers, was supported on first reading by 133 MPs in May, after its initial version was published for public consultation in the summer of 2024. The main purpose of this law is to transpose the European framework (Markets in Crypto-Assets Regulation, or MiCA) into Bulgarian law, which practically makes EU rules directly applicable in Bulgaria.

The new law officially introduces terms such as "crypto-asset" and "token" into the legal vocabulary and regulates the conditions for the public offering of crypto-assets, their admission to trading on platforms, the licensing of issuers and providers of crypto-asset services, as well as state supervision over them. The aim is not only to protect investors and consumers of such services, but also to create conditions for a transparent and efficient market. The law is the first of its kind for the crypto sector in Bulgaria and has been long awaited by the industry.

Transport unions warn of another protest in the capital

The transport unions affiliated with the Confederation of Independent Trade Unions in Bulgaria (KNSB) and the Federation of Transport Workers affiliated with the Podkrepa Labor Confederation are staging another protest in Sofia. They will gather in front of the Sofia City Hall on Thursday (June 26) from 8:30 a.m. to 2 p.m. Unions cited unfulfilled commitments to increase wages in Sofia's public transport system, following the delayed adoption of the city's budget. In their statement, however, they did not specify whether they would block public transport in the capital.

"Despite the funds provided by the state, the lack of an approved budget is blocking key decisions, threatening the normal functioning of the sector and leading to growing tension among employees," their media statement said. In early June, Mayor Vasil Terziev vetoed Sofia's 2025 budget and sent it back for reconsideration.

Iran must not be allowed to develop a military nuclear program: MFA

Bulgaria's Ministry of Foreign Affairs (MFA) emphasized on Sunday that Iran must be prevented from developing a nuclear program for military purposes. "We believe that preserving the international legal order and mechanisms for arms control and non-proliferation is of paramount importance," the MFA wrote.

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