Breakaway Ukraine Region Decides Official Future is Bitcoin
Regions in eastern Ukraine are formalizing the use of cryptocurrency to bypass economic sanctions, it has emerged. Eastern Ukraine Region ‘Will Be Attractive’ for Bitcoin. The Donbass region, which since 2014 has been mostly controlled by a rebel government with support from Russia, is looking to stabilize its economy and attract investment via increased....
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A government official in Rivne region of Ukraine owns close to $8 million in cryptocurrency and 500 Tesla shares, his declaration shows. The news comes as another Ukrainian lawmaker in Kyiv has found it hard to prove possession of the crypto holdings on her asset statement.
Ukraine Officials Declare Crypto Assets, Fail to Provide Proof of Ownership
Crypto investments have enjoyed a growing popularity among Ukrainian politicians in recent years, mandatory asset statements have revealed. According to recent media reports, a member of the Virovsky Village Council in the western....
Ukraine is the first country to launch sanctioned bitcoin futures trading on a national exchange. Every part of the world can benefit greatly from bitcoin and blockchain technology. Ukraine seems to be warming up to both concepts as of late. In fact, the region has seen significant bitcoin investment increases. That is quite a significant development and a positive sign of what the future may hold. An intriguing development to keep an eye on, that much is certain. Ukraine is Big on Bitcoin and Blockchain. It is quite interesting to see bitcoin investments in the Ukraine going up. It is....
Law enforcement officials in Ukraine have closed down a cryptocurrency mining farm that was minting digital coins using stolen electricity. The facility had more than 150 mining rigs that have been confiscated during a raid in Chernihiv region. Authorities in Ukraine Seize Over 150 ASICs From Crypto Mining Farm The Security Service of Ukraine (SBU) has uncovered and shut down a crypto farm that was operating illegally in Chernihiv Oblast, in the north of the country. The unidentified owners had illegally connected the facility to an electrical transformer substation of the region’s....
The push for bitcoin legislation in Ukraine has been put on hold after Michael Chobanian decided to drop the pursuit. The Bitcoin Legalization Bill of Ukraine may soon be history after the people who were in the forefront decided to call it a day. According to reports, Bitcoin Embassy in Ukraine along with the leading Bitcoin exchange in the region, KUNA have been working on a draft law to make bitcoin legal in the country. The main reason for Michael Chobanian dropping his fight towards legalizing bitcoin in the country is unknown. However, the news publications have quoted him saying....
Amid ongoing hostilities with advancing Russian forces, Ukraine has been increasingly relying on cryptocurrency donations to solve humanitarian problems and finance its defense efforts. Crypto helps the country to receive and quickly distribute money and operate internationally, a high-ranking government official has indicated.
Ukraine Accepts, Spends Millions in Crypto, Deputy Minister Reveals
Since the Russian military assault started, Ukraine has been actively seeking financial support in the form of crypto donations. “It’s a very rapid way to get a payment....