Ukraine will soon legally recognise cryptocurrency,Erotice Hercules after President Volodymyr Zelenskyy signed a virtual assets bill into law on Wednesday. Under the new legislation, Ukraine will be able to establish a legal, regulated crypto market.
"From now on foreign and Ukrainian cryptocurrencies exchanges will operate legally and banks will open accounts for crypto companies," Ukraine's Ministry of Digital Transformation tweeted on Wednesday. "It is an important step towards the development of the [virtual assets] market in Ukraine."
This Tweet is currently unavailable. It might be loading or has been removed.
Passed through parliament on Feb. 17, this was the second iteration of Ukraine's virtual assets bill. While parliament approved the first version last September, Zelenskyy vetoed it in October, partly due to the significant cost of establishing a new state regulator for cryptocurrency. The new bill will empower Ukraine's already existing National Commission on Securities and Stock Market to take on this task instead.
Much like every other corner of the internet, cryptocurrency has become heavily involved in Russia's ongoing war with Ukraine. Some Ukrainians are turning to the blockchain due to banking imitations caused by the invasion, while the country has received almost $100 million in crypto donations to various groups and organisations. As of March 17, an official Ukrainian government website requesting donations has collected over $55 million in cryptocurrency.
SEE ALSO: Sketchy domains try to trick Ukraine supporters out of would-be donationsOn the other side, experts have also expressed concern that Russia may use cryptocurrency to circumvent international sanctions imposed upon it.
While cryptocurrency wasn't previously illegal in Ukraine, officially recognising and regulating the currency opens up new avenues for trade and taxation. According to crypto payment platform TripleA, around 12.7 percent of Ukraine's population owned cryptocurrency before Russia invaded.
Of course, most Ukrainians likely have other concerns that take priority over learning how cryptocurrency works right now.
Topics Cryptocurrency
‘Art of Shinkansen’ Exhibition This Weekend
Bernie Sanders at the inauguration becomes painfully relatable meme
10 consistently great Twitter accounts to infuse your feed with joy
QAnon followers believe Trump will be inaugurated as president this month
Screening of ‘Close
Twitter honors Selma's Bloody Sunday on 56th anniversary
Tinder sees massive rise in mentions of 'courting' and 'flirting' in bios
The harsh history behind the internet's favorite sea shanty
'We'll Be Rooting for You'
Twitter confirms Trump's ban is permanent, even if he runs again in 2024
Kiyoshi Kurosawa’s ‘Before We Vanish’ Now Playing
10 consistently great Twitter accounts to infuse your feed with joy
Andrew Yang, NYC mayoral candidate, doesn't know what a bodega is
Dr. Fauci has some simple, lucid Super Bowl advice
Screening of ‘Nuclear Cattle’ at Art Share L.A.
How a Facebook group for people who can't smell handled the COVID rush
When is the next Prime Day?
British woman tries ranch dressing for the first time and tastes enlightenment
Lecture, Exhibit on Akita Dogs at Japan Foundation
Live music performances on YouTube are my last resort source of serotonin
Motorola Razr 2022 has a bigger cover display than Samsung's Z Flip 4Tesla to drastically raise price of Full SelfDisney+ will stream 'Thor: Love and Thunder' on September 8. What we know so far.Xiaomi's Mix Fold 2 is a superApple security flaw may allow hackers full control of devices, company warns'Never Have I Ever' Season 3: Everything to remember from Season 2Kilimanjaro receives highDisney+, Hulu, and ESPN+ set to get price hikes by end of yearWhat is a beige flag? The TikTok dating trend explained.Hinge launches LGBTQ dating guide NFAQ (Not So Frequently Asked Questions) Very excited dog has a ball invading an Argentinian soccer game Dog and kitten are the epitome of friendship goals Snapchat's animated Bitmoji feature means we can all finally live like Lizzie McGuire Here's what really happens when you call those celeb fundraising lines Doting boxer cares for eight needy piglets as her own Donald Trump's latest retweet proves once again he's an immature child This woman's pet pug needed a tuxedo, so she used public money to pay for it Busy Philipps gets mistaken for Sarah Huckabee Sanders and she's not happy about it Snapchat's newest feature is the best thing it has ever done and here's proof Melania Trump spoke out against bullying and Twitter can't take the irony
0.1643s , 9919.6640625 kb
Copyright © 2025 Powered by 【Erotice Hercules】Ukraine is legalising the cryptocurrency market,Feature Flash
