Ukraine Drafts Its Own BitLicense, As ‘Surprisingly Positive’ Dialogue Begins With Central Bank

Ukraine Drafts Its Own BitLicense, As ‘Surprisingly Positive’ Dialogue Begins With Central Bank

Bitcoin regulation looks imminent in Ukraine, with the release of its own BitLicense draft. Initial reception has been described as “surprisingly positive” by the country’s Central Bank and financial sector. Michael Chobanian, founder of the Kuna Bitcoin Agency and the Bitcoin Embassy in Ukraine, presented a report titled “Project for the Development of Bitcoin in Ukraine.” He submitted it at the extended session of the commission on the issue of individual payments board before the National Bank of Ukraine (NBU) held on May 27. Citing Bitcoin’s potential, as well as investor interest....


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