Cryptocurrency is Authorized in Ukraine: Volodymyr Zelenksyy Indicators the Digital Asset Regulation Ukraine’s President Volodymyr Zelensky enacted a legislation to make digital belongings authorized. The ruling permits Ukrainian cryptocurrency exchanges to function legally and permits banks to open accounts for cryptocurrency firms. This transfer will advance the event of the digital asset market in Ukraine.
The Ministry of Digital Transformation introduced the legislation on Wednesday.
“The signing of this legislation by the president is one other vital step in direction of bringing the crypto sector out of the shadows and launching a authorized marketplace for digital belongings in Ukraine.”
In 2021, the Ukrainian parliament took step one in adopting a legislation to control the transactions of digital belongings. Final month, the parliament authorized it. At the moment, Zelensky made it law-official. The ruling takes place throughout occasions when the besieged nation is receiving numerous crypto donations to assist fund the battle in opposition to Russia.
In response to Alex Bornyakov, the vice minister of the Digital Transformation Division, donations reached $100 million on March 9. With greater than 60% of the funds, the authorities buy gasoline, meals, navy, and medical tools.
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