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Bulgaria: Passports Are Being Exchanged For Bitcoin

Bulgarian authorities discovered and investigated suspicious selling of Bulgarian passports in exchange for bitcoin. Foreigners residing in Eastern Europe in parts of Bulgaria, Ukraine, Moldova, and Macedonia are suspected to be involved in the mischief conduct.

The Citizenship insurance was authorised by the Bulgarian officials. This made the suspected officials get arrested by the police. The Prosecutor’s General Office held some people who remain doubtful by them, these include Bulgarian State Agency for Bulgarians’ matters abroad Peter Haralampiev, General Secretary Krasimir Tomov and the member of the agency Mark Stoyov.

Upon seeing such apprehension, the chief prosecutor of the State Ivan Geshev said “Peter Haralampiev, Krasimir Tomov, and Mark Stoyov have been arrested for fraud with the issuance of Bulgarian passports to Ukrainian, Moldovan and Macedonian citizens.”

The prosecutor general has found evidence against the suspected officials to prove that the process was facilitated with digital assets as an exchange. But the lawyers of the accused officials refuse the involvement of their clients when the topic of unauthorised payment pops up.

The entire incident has ruined the image of the Bulgarian government. But the vice prime minister, Valeri Simeonov says that he doesn’t want to gain any power because of the existing amount of corruption in the agency.

Apart from this, 20 individuals were held responsible for selling the country’s passport to despairing citizens residing in Ukraine, Moldova, and Macedonia. The amount received for each document is $5.6 thousand.

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