Volodymyr Zelensky did not object to the bill's fundamental principles, but opposed the idea of creating a new watchdog agency.
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 development marks another sign of the digital hryvnia project picking up steam.3135
Unlike Russia, Ukraine has passed laws that will ease the adoption of cryptocurrencies within the country.6994
Crypto doesn’t pose a big risk for the financial system until it’s adopted enough to be less volatile, the NBU said.4600
Ukraine is hoping its new digital asset regulations will attract foreign crypto exchanges to set up shop in the Eastern European nation.6310
Scams make up the largest share of funds sent from Eastern Europe to illicit addresses.2527
Paying ministry employees in e-hryvnia could be a suitable first pilot for the central bank digital currency currently in development.3449
Ukrainian authorities say the crypto exchanges were involved in money laundering and other illicit financial activities.3564
The deputy minister of Ukraine’s Ministry of Digital Transformation believes that crypto payments will be allowed in Ukraine similarly to payments deriving from the U.S. dollar.11023
Ukraine’s newly signed law On Payment Services requires close cooperation between the National Bank of Ukraine and private startups in the payment market.11918
The gaming hardware confiscated by the Ukrainian police was being used to create in-game currency and not for farming cryptocurrency.6801
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.8196
Monobank is seeking approval from the National Bank of Ukraine to launch its Bitcoin debit card later this month.5728
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?8544
Dynamo Kyiv wants to tap into an additional revenue source as stadiums remain empty.4503