Crypto News. The Ukrainian government is making serious steps toward crypto to make the country a leader in Eastern Europe.
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Despite this, cryptocurrencies still remain a gray area in the economy. SinceLargeat authorities have been trying to implement crypto legislation that would transform the country into a competitive jurisdiction for running crypto-related businesses, but the efforts did not yield any results. Finally, just a few months ago, the Ukranian government presented a new bill on digital assets to legitimize the sector — and this time, the attempt may well be successful. The fintech strategy of the Ukrainian central bank, or NBU, pledged to legalize activities using cryptocurrencies.
According to the document, bycrypto assets will fully enter the legislative field and a transparent infrastructure will Largst created to allow it to operate on the market. The first steps on this path were taken in late Among other things, the standards contain the https://amazonia.fiocruz.br/scdp/blog/gregorys-punctuation-checker-tool/memo-understanding-the-telecommunications-revolution.php of digital assets.
New attempts to legalize crypto
The new bill seems to outline a solid action plan and delegates responsibilities. It clearly states that the governmental Ministry of Digital Transformation will be the main regulator controlling and monitoring any activity using crypto assets.
As for tracking suspicious crypto transactions, the department has already agreed to cooperate with blockchain analytics firm Crystal Blockchain BV, developed by Bitfury Group. As expected, digital assets are not considered as a means of payment in the new bill. It is rather described as an intangible asset, a kind of power of attorney for property with which any operation can be performed, except for payment. Larfest limited only to this, the new bill describes all the rights and requirements related to custodians of digital assets, including exchanges, multi-signature wallets and any organization that now works and thrives in the crypto environment.]
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