Ukraine’s Ministry for Digital Transformation will be tracking illicit crypto transactions with a crypto analytics startup backed by Bitfury.
Ukraine is the second largest state by territory in Eastern Europe. According to the International Monetary Fund, Ukraine’s economy is ranked 50th in the world by nominal GDP and purchasing power parity. In terms of cryptocurrency, it was stated in 2014 that all trades using virtual currencies and all benefits from selling them is allowed only for registered financial organizations, such as banks. In 2017, the Ukrainian National Bank didn’t admit Bitcoin as real money without certain regulation. By 2018, Ukraine has almost finished legislation aimed at regulating all operations with digital assets. Recently, the Ukrainian National Bank has expressed the readiness to collaborate with the Bitcoin foundation to work on the new project called Ukrainian Bitlicense.
A Ukrainian hacker stole data in government databases and attempted to sell it for crypto.2820
The Ministry of Digital Transformation of Ukraine published crypto draft law “On Virtual Assets” in response to FATF’s June 2020 deadline.3963
Ukraine's Ministry of Energy believes that using power plants for crypto mining could be one of the best ways to take advantage of a current energy glut.14605
The Swedish government is demanding action from Ukraine for an alleged $70 million fraud scheme that targeted victims who showed interest in cryptocurrency.1534
Ukrainian officials are urged to disclose their cryptocurrency holdings as one of the national anti-corruption agencies publishes a manual on how to report crypto assets.1688
A whistleblower has revealed a $70 million Bitcoin scam targeting British and Australian investors through fake news stories on Facebook.7273
With the e-hryvnia pilot testing successfully over, the Ukrainian government is making a concerted effort to engage in the crypto-adoption race.1825
An information technology employee at a Ukrainian prosecutor’s office used the offices’ systems to illegally mine cryptocurrency.2276
In implementing new Anti-Money Laundering policies, many countries automatically treat crypto transactions as high-risk.3395
As a crypto firm in Ukraine plans to issue the first Ukrainian hryvnia-pegged stablecoin, the country’s central bank is progressing with its e-hryvnia project.4222
Ukrainian cryptocurrency exchange Kuna has launched a hryvnia-pegged stablecoin, UAX for open beta testing.2704
Ukrainian authorities said that crypto mining does not require regulatory activity from governmental oversight bodies or other third-party regulations.2945
Oksana Markarova, Ukraine’s Finance Minister, names the local authority that will be able to track the sources of origin of crypto funds.3111
Looking deeper into Foin price movements and the project’s operations, Cointelegraph discovered a number of red flags for investors’ consideration.17090