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28 September 2021

Ukraine Regulates BTC, Gives Crypto an Official Green Light | Live Bitcoin News

Ukraine Regulates BTC, Gives Crypto an Official Green Light | Live Bitcoin News


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Until the passing of the bill, individuals could potentially trade and invest in cryptocurrencies, though any companies that worked or delved in blockchain and digital assets wound up getting the stink eye from the Ukrainian government.

It appears that the idea in Ukraine for some time has been that most crypto activity stems from scams and illicit enterprises.

While the country is garnering some comparisons to El Salvador, which has become the first country to declare bitcoin legal tender, the comparisons are not entirely accurate given that Ukraine is not permitting bitcoin payments for goods and services, nor is it placing the asset on the same scale as the hryvnia, the country’s national currency.

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