Bitcoin Following in the footsteps of El Salvador, which broke new ground by accepting it as a legal currency Ukraine government in September 2021. bitcoin and crypto coins passed the bill that legally recognized it.
Although the mostly upvoted law did not accept cryptocurrencies as a means of payment like El Salvador, it did recognize cryptocurrencies as legal.
However, Ukrainian President Volodymyr Zelensky vetoed the bill in early October, with some amendments to the cryptocurrency bill.
The President of Ukraine stated that the crypto bill requires changes, saying that the legal mechanisms necessary for the implementation of the law in question have not yet been fully formed and that it does not meet the constitutional requirements for the legal definition.
According to the latest information, the amended version of the crypto money law was accepted on February 17, 2022.
The head of the country’s Ministry of Digital Development, Mikhail Fedorov, said that the adopted cryptocurrency law will allow Ukraine to launch a legal market for virtual assets.
*Not investment advice.