Ukraine Adopts New Law To Legalize Bitcoin And Other Cryptocurrencies
More governments are acknowledging the staying power of cryptocurrencies like bitcoin. Ukraine is the latest to join the growing list of countries that have legalized crypto. Just this week, El Salvador became the first country to adopt bitcoin as legal tender. Two weeks ago, Cuba passed a law to recognize and regulate cryptocurrencies, citing “reasons of socio-economic interest.” Panama is also drafting new cryptocurrency regulations. Related Reading | Panama To Recognize Bitcoin As Payment Alternative, Issues New Regulations In a nearly unanimous vote, the Parliament in Ukraine....
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Legislators have given their nod to the Ukraine crypto bill, making the use of crypto assets in the country easier as Ukraine teeters on the verge of a military confrontation with Russia. With 272 votes, the Ukrainian parliament gave its thumbs-up for the Law of Ukraine on Digital Assets. The measure required only 226 affirmative […]
Authorities in Russia are continuing their work to establish a comprehensive legal framework for crypto transactions. The efforts, which started before the military invasion of Ukraine, go on amid warnings that Moscow may use cryptocurrencies to evade expanding financial sanctions.
Expert Council Meets in Russia to Discuss Law ‘On Digital Currency’
Attempts to legalize and regulate operations with cryptocurrencies are ongoing in Russia, despite the situation surrounding the military assault the Kremlin launched in neighboring Ukraine. An expert council supporting....
The parliament in Kyiv has passed legislation determining the rules for crypto-related operations in Ukraine. The law “On Virtual Assets” recognizes cryptocurrencies as intangible goods while denying them the status of legal tender. It also regulates the activities and obligations of crypto businesses.
Ukraine Legalizes Crypto Activities, Defines Virtual Assets
Ukraine’s Verkhovna Rada, the country’s parliament, has adopted the law “On Virtual Assets” on second and final reading. The legislation regulates operations with....
The country’s parliament backed in final reading an updated bill to legalize bitcoin and cryptocurrencies.
Ukraine may soon legalize Bitcoin. The National Bank of Ukraine (NBU) is seriously looking into the possibilities of implementing Bitcoin’s technology into the financial system according to Ukraine’s Bitcoin Foundation (BFU). Ukraine Bitcoin Foundation (BFU) and National Bank (NBU) representatives met on August 19 to get a better understanding of what Bitcoin technology is and how to approach it from a regulatory standpoint. Interestingly, the Director of the Payment Systems Department Natalia Lapko was responsible for organizing this meeting based on a request from the BFU. Her department....