Ukraine’s Blueprint To Bitcoin Adoption
Ukraine’s strategic path to Bitcoin adoption would likely include nuclear-powered mining, and holding Bitcoin as a state reserve asset.Just days ago, on 8 September 2021, the Ukrainian Parliament passed a law that legalized and regulated Bitcoin in the country. The bill, drafted in 2020, passed with the support of 276 lawmakers. Only six lawmakers voted against it.Ukraine could plausibly be a natural fit for Bitcoin adoption, as the population is reportedly dissatisfied with their current monetary system, which emerged when the fiat hryvnia currency replaced karbovanets in a financial....
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For some countries around the world, times are very tough as local economies are starting to fall apart. Ukraine is one of those countries, as inflation will be hitting a record-high of 44 percent later this year. Combine that number with a near 25-percent inflation, and anyone can see why the Ukraine economy needs a bailout. At the same time, Ukraine’s central bank is warning people about the use of Bitcoin and other digital currencies. There are several factors to blame for the collapse of Ukraine’s economy, although the biggest culprit comes in the form of a conflict with Russia. On top....