President of Ukraine Legalizes Cryptocurrency Industry in the Country by Signing a Bill on Virtual Assets

Ukrainian President Volodymyr Zelenskyy has legalized the cryptocurrency industry in the country by signing a bill on virtual assets.

Ministry of Digital Transformation of Ukraine,March 16 In his statement on the Zelenskyyof the first February country’s legislature Verkhovna Rada He said that he signed the bill called “On Virtual Assets”, which was passed by the Live legal status, classification, ownership of virtual assets and regulators in addition to determining registration requirements for crypto service providers will determine.

who will be responsible for regulating the market in the country National Securities and Exchange Commission of Ukraine, establishing and monitoring a policy in the virtual assets area, determining the circulation order of virtual assets, allowing virtual asset service providers and auditing and financial monitoring in this area will undertake their duties.

In addition to these, the statement Ministry of Finance of Ukrainecountry to fully launch the virtual assets market of tax and in civil laws It was stated that he was working on the changes.

Ministry of Digital Transformation he also shared on Twitter that “foreign and local exchanges can operate legally and banks will open accounts for them”.

Design, Zelenskyof in September 2021 drafted after rejecting an approved bill, and on February 17 had passed the parliament.

cryptocurrencies up to the present Russia- Ukraine played an important part in the war. Ukraine, Russia February 24 by those who want to help the country around the world since it launched country-specific operations in 100 million dollars received cryptocurrency donations.

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