Ukraine’s newly signed law On Payment Services requires close cooperation between the National Bank of Ukraine and private startups in the payment market.
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.
The gaming hardware confiscated by the Ukrainian police was being used to create in-game currency and not for farming cryptocurrency.6524
Miners used an empty warehouse of an electricity supply company to plug into the grid and mine crypto on a variety of devices, including gaming consoles.7915
Monobank is seeking approval from the National Bank of Ukraine to launch its Bitcoin debit card later this month.5215
More publicly traded firms added Bitcoin to their treasuries during the first four months of 2021 than during the entirety of last year. But will it continue?8458
Dynamo Kyiv wants to tap into an additional revenue source as stadiums remain empty.4430
Stellar’s development arm will work with the Ukrainian government on several digital asset initiatives.19733
Ukrainian government officials are investing in cryptocurrency.7454
The course teaches citizens the basic concepts and ideals of cryptocurrencies.12477
The Ukrainian government is making serious steps toward crypto to make the country a leader in Eastern Europe.21575
Blockchain will streamline trade from Europe’s grain belt.8172
The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies.9562
A new report from Chainalysis has found that Eastern Europe is responsible for more darknet activity and ransomware volume than any other region.14145
China is not the only country that wants control of this highly coveted industry.6151
As protests rage in Belarus and Alexei Navalny remains in a coma, we look at new developments in crypto across the former USSR.9891