Ukrainian President Signs Law Opening Door for Digital Hryvnia, Regulatory Sa...
President Volodymyr Zelensky has signed a law that will allow the National Bank of Ukraine to issue its own digital currency. The new legislation, which aligns Ukrainian regulations with EU rules, will also stiffen authentication requirements for clients of payment service providers. New Legislation Allows Ukrainian Central Bank to Issue Digital Currency The President of Ukraine Volodymyr Zelensky has signed the law “On Payment Services” which was adopted by the Ukrainian parliament on June 30, the president’s administration announced this week. The legislation aims to....
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Ukrainian President Zelensky has signed a bill making bitcoin and other cryptocurrencies legal, establishing regulatory agencies and investor protections.
Employees of Ukraine’s Ministry of Digital Transformation may become the first in the country to get their salaries in digital currency. The National Bank of Ukraine is developing an electronic version of the Ukrainian hryvnia and the ministry is considering the option of using the state-issued coin for remuneration. Government Employees to Be Paid With Digital Hryvnia The Digital Ministry is planning to compensate its employees with Ukraine’s central bank digital currency (CBDC), once the new hryvnia is ready for testing. In a recent interview with online news portal TSN,....
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekUkraine’s president signs law establishing regulatory framework for crypto Crypto regulation has received approval from Ukrainian president Volodymyr Zelenskyy. The bill, titled On Virtual Assets, was signed by the president, opening the door to government oversight of the domestic cryptocurrency industry.Ukraines....
Ukraine’s newly-signed law titled “On Payment Services” requires close cooperation between the National Bank of Ukraine and private startups in the payment market. The Ukrainian government is moving forward with its central bank digital currency (CBDC) plans, as the National Bank of Ukraine (NBU) is now officially authorized to issue a digital currency.Ukrainian President Volodymyr Zelenskyy has signed the law titled “On Payment Services,” officially enabling the country’s central bank to issue a CBDC, the digital hryvnia, according to a Thursday announcement.The new law authorizes the NBU....
Crypto circle recently retorted the Russian attack on Ukraine a week ago, joined to help Ukrainian citizens, upended donations worth $30 million. The main objective of such handsome donations is to help the people affected by the Russian attack. Bitcoin and the other digital crypto assets are appearing hot spots because many people of Ukraine […]