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Tuesday

22 October 2019

Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky - Bitcoin News

Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky - Bitcoin News


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New draft laws have been proposed or are under preparation to accommodate the nascent industry, from which the Ukrainian government expects increased budget revenues.

Ukraine’s Ministry of Digital Transformation plans to legalize cryptocurrencies such as bitcoin cash (BCH) and bitcoin core (BTC).

People from all corners of the Ukrainian society are now involved in the efforts to create regulatory certainty for the crypto industry.

Representatives of the Ministry of Digital Transformation, Ukraine’s parliament (Verkhovna Rada), the non-government Better Regulation Delivery Office (BRDO), industry organizations, and businesses gathered recently to adopt a dedicated program to do that.

Mikhail Vidyakin, acting director of the central bank’s Reform Strategy Department, commented on Facebook that the legislation necessary to regulate the crypto industry should be adopted in the shortest possible time, Forklog reported.

Another draft law, proposed by the Blockchain Ukraine association envisages the creation of a crypto valley in the Eastern European country.

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