Fintech Ecosystem Development: The Financial Supervision Commission (FSC) has partnered with the Bulgarian Fintech Association (BFA) to develop the fintech ecosystem in the non-banking sector. This includes improving financial literacy, fostering innovation, and regular interaction with fintech companies to assess and minimize potential risks. The FSC has also established an Innovation Hub to facilitate communication between fintech entities and regulators, and is preparing to introduce a regulatory Sandbox to test fintech products in a controlled environment