Bitcoin Forum

This isn't on any crypto news sites yet, so I'll post the link to google translate of the original source - https://translate.google.com/translate?hl=en&sl=ru&tl=en&u=https%3A%2F%2Ftech.liga.net%2Ftechnology%2Fnovosti%2Fu-fedorova-pliniruyut-legalizovat-kriptovalyutu

In the past there was multiple laws submitted by MP's that aimed at legalization of cryptocurrency, but it seems like this issues wasn't important enough to even vote for it. But after the recent elections the parliament and government fully changed, and now Minister of Digital Transformation says he wants to legalize crypto, so that law enforcement would stop extorting miners and crypto traders/miners would start paying taxes. He also says that he wants to put government records on blockchain.

The new government has already started doing some reforms as soon as they got the power, so maybe there's a chance that they will indeed legalize crypto. But I don't think that this chance is too big - maybe they will be busy with other things again, and MP's simply won't have time to review and vote such a niche law.

Earlier, several bills were submitted to the Ukrainian legislative body, the Verkhovna Rada, for adoption, many of which provided for the exemption of people from paying taxes on profits in cryptocurrency. Minister of Digital Transformation (I didn’t know that there is such a ministry in Ukraine, now everyone is renaming it there in bulk) wants to introduce taxes for crypto traders and this is not very good. True, the deputy corps in Ukraine has completely changed, they may not support the bill with taxes. Now Ukraine has a very efficient parliament, laws are passed very quickly, so we can say that the cryptocurrency law will soon be in this country.

I only see information from this country in style ,, will,,.When the legislation is adopted, then it will be possible to talk about something constructive.If Liberland, with its small territory,has become a digital center, Ukraine can become a real digital center that no one has seen before.The potential is really huge.There is a wish that those who wants to introduce similar technologies passed from words to case.

Governments with the favor of technology and transparency always take a positive move towards acceptance of Blockchain technology. Mainly governments having framework and infrastructure for technical implementation can bring real revolution in businesses. Ukraine is one of the well-known countries in tech issue.

So other countries also consider making crypto legalize.

Compared to the fact that Ukraine previously proposed to exempt cryptocurrency holders from paying taxes, or to exempt them for a certain number of years, the statement of this minister  is already a step back. Although, you need to look not by intention, but by the final results. Let them adopt specific laws, then what will be discussed.

I believe governments know that Blockchain technology has started to being used on various sectors and Ukraine government should know the importance of this technology too. Nevertheless, new parliament doesn't seem like they are considering this and don't seem to be willing to legalize cryptos.

Another good news for cryptocurrencies. I don't know why many people are bearish on crypto. When you learn of such developments around the world, you have a sense that slowly but surely cryptocurrencies will someday be common to many people. I don't see it as fad for a long time now.

Maybe it can be a good start for other countries to attain such feats and do their own move legalizing Cryptocurrency especially Bitcoin, And this is good for the community if one or three Countries would share some possible interest in Bitcoin then curious ones will then start to take action, I guess Ukraine finally see the potential of Bitcoin and other cryptocurrencies, and Mikhail Fedorov would device such plan in legalizing this in their country was an up for grabs opportunity for Ukrainians. 

If such thing as good tax exist then it is a good news indeed. If I understand correctly, if one keeps the low profile, it is possible to avoid any form of exaction from the Ukrainian government. Please explain what is so good in changes in law with witch the state will stick his giant, sniffing nose in? This is horrible information, if you ask me. Obvious pretext to take money from people is obvious.
Why bother with rampant corruption and power abusing cops? Let's tax them geeks!

Any crypto adaptation is always a good thing and it is a step forward especially if we see government officials calling for its legalization, but the think that leads me to believe that they are doing this is taxes, probably a lot or a sizable amount of people in Ukraine use crypto to make their living and therefore they are not paying taxes, and with legalizing it they are trying to make these people pay taxes, and to be honost i don't think that they will be able to as they are unable to track everyone who uses it or it requires a lot of resources, but we just have to wait and see.

Many people in this forum are probably unfamiliar with this, but my country certainly is. I HOPE you can get the law approved and authorities respect them, to stop the extorting, and all the garbage that brings (corruption, organized crime, etc).

Taxing can probably be done to physical things within the country, such as to asic mining equipment import or mining sites.

Government records on blockchain is a good idea, as long as they do it right: decentralized. To have true decentralization you need to somehow incentivize the people into running public nodes. If all you do is put the records in few nodes running in a single gov. datacenter, you are doing almost nothing to increase security.

Simply using a blockchain isn't good enough, don't believe the hype.

Because in the grand scheme of things, it's all pretty insignificant - Ukraine didn't legalize crypto, it's just one official says that he wants to legalize crypto - it happened many time before and in the end led to nothing. It's not enough to influence the market by any means, even if Ukraine legalized crypto tomorrow, Bitcoin would probably barely move at all, because Ukraine is not very influential both in real world and in crypto world.

Got to say that from the OP words I already like the new Ukraine government, especially the Digital Transformation minister. No doubt that cryptocurrency is an important matter. IMO the states which will adopt them quicker and start building reserves in bitcoin will be the next world leaders. But, even if we don't oficially adopt cryptocurrency as main way to perform transactions I still highly support the implementation of the blockchain technologies in all the industries out there for increased transparency. We've got to understand this this tech has a huge potential to eliminate corruption.

Could you describe from your perspective and knowledge, how those extortions look like? What is the main modus operandi? Who and how makes profit of miners? What about recognition for electronic property as physical property?
It is quite sad how modern journalism works, we know almost nothing about those little, dirty secrets.
We are basically neighbours and yet, stuff like that are never covered even in alternative media.
Let's make use of this mean of communication to spread the awareness.

It usually goes this way. They recognize it and want taxes or they don't recognize it legally and don't care about it. There's a few tax havens but most of the world wants something out of it.

Ukraine should follow Belarus its neighbor from the Eastern Bloc. They recognized Bitcoin so it shouldn't be difficult to adapt their laws. It's a nice opportunity to bring people to Ukraine that is facing large emigration to the EU. I heard that many Ukrainians are moving to Poland. If they want it to stop they need to inject a lot of capital into their economy.

This may be true, but even fully legalized crypto won't have any big effects on the country's economy, at best it will just create a few thousands of jobs if new crypto-related services will be opened. Crypto industry is just a tiny drop if you compare it with a national economy. Bitcoin isn't even useful to Ukrainians as a hedge right now, because Ukrainian currency is growing right now.

With that kind of move I think that the Ukrainian government did this in order to be inline with the views of what other countries part of the European Union are already doing. They wouldn't want to be left out with their other European counterparts when it comes to Crypto and Blockchain development in their country that is why they are doing this in order to be on their level, with their move that they officially labeled crypto as not illegal in their country while not having any proper regulation yet shows that they still want their citizens to enjoy the benefits from it while they are still working on the legal framework. Crypto regulation and acceptance really does work when it comes to other countries being influenced through accepting them, this helps the mass adoption we are looking.

I don't think the reason why Ukraine will legalize cryptocurrency is driven by technology.  As far as the statement :


The government is in for the cryptocommunity's taxes.  They are after the profit that were slipping the government stash since the law about cryptocurrency taxes were not yet implemented.  I do not see this as a negative thing but rather it is a wise move since it will benefit both economy, the Cryptocurrency economy and the Ukraine economy.  For Bitcoin, more  country that accept and legalize it means more chance of adoption and places to boom.

Ukraine is one of the countries in the economic crisis, so in this country is at risk of inflation if the government does not control it. While accepting cryptocurrencies may create a new opportunity for this country, Cryptocurrency will create international investment opportunities with large anonymous sums of money, but this assistance will make the economy in this developed country.

I am living in Ukraine and I can tell you that the cryptocurrencies are very well accepted here , you can find stores where you can buy and sell using Bitcoins also at the same time you can in person make the deal regarding your cryptocurrencies and such , so the people have already accepted it more or so , the government have changed a lot , the new president is open about everything thus I think it will be easy for the cryptocurrencies to make a place in Ukraine .

The Ukrainian government have had many shots at legalising crypto, initially from the exemption of taxes on crypto jolders and now possibly on the move to legalise Bitcoin. That's a very good move considering the fact that Blockchain technology has really evolved massively over the years and as well gaining much attention.

That sounds good and government is probably aware that cryptocurrencies are well accepted. They realise if they fully regulate and legalist them that could contribute to economy and further development. Maybe government sees the cryptocurrencies as the new tool for progress.

Legalization of cryptocurrency by the entire world  is really gonna take a very long period of time.  Ukraine trying to legalize the use of crypto is a nice initiative considering the ideologies behind cryptocurrency and the financial freedom it presents to everyone no matter their financial status.  If all governments try this, adoption of cryptocurrency will be fast and simple. 

Though it's not certain, it's a great start for this future monetary platform. I hope it'd be real in the future. It must bring a lot of positive news and information for the future urgent because cryptocurrency is going to be the most popular and accessible platform for the future's life. so it's gonna be a gentle case if they adopt or not, in future everyone will get together around this platform and then it will be a normal scenario. but cryptocurrency should be adopted to the Asian countries first because of the mighty population around here. so it's important for the Asian people for a decentralized platform. A large number of people from Ukraine already using Crypto & benefited financially from crypto market. Adopting crypto will increase the GDP & Growth of the country.

There is no economic crisis in Ukraine now. The rate of its national currency - hryvnia against the dollar and the euro, on the contrary, has strengthened. Ukraine is now undergoing military aggression from Russia, which invaded its tanks and has already seized part of the territory of Ukraine. Therefore, the development of Ukraine takes place in a state of hybrid war with Russia, which does not want to acknowledge its invasion, and sends its troops to Ukraine secretly, after having fired them from the army. By such actions, Russia has put itself in a hopeless situation and will ultimately be defeated, which is already obvious.

A chance is still a chance even though it is not that big. I think the reason why they are constantly ban and the legalize the bitcoin again is that they've seen flaws in the crypto and they want to legalize it again because they see a good side in it.

When there are new people taking power, they always want to improve on what their predecessors did, so you often see laws changing when there are a change in the government leadership. Take Donald Trump for instance, in his election campaign it looked like he was Bitcoin friendly, because he surrounded him with pro-Bitcoin supporters, but when he got into power... the opposite happened.  ::)

The government of the Ukraine first exempted Crypto currency transactions from taxes and then they realized that they created a loophole for people not to pay taxes and now they are reversing that decision.  :'(

Great news. Goverments are benefiting a lot from adopting new technologies fast, and the more countries that are adopting BTC, the more other countries will be pressured to adopt the new currencies.

Politicians are like that. They try and manipulate the crowds as they see please, for as much power and money as possible - and they often then change their views back.

I want to see how they go with this, could this just be a ploy?

I used to be skeptical about this before. But now, when Ukraine has new president with modern view of things, I believe in this attempt. There are already a lot of shops, cafés and hotels which accept bitcoin as payment method. The country is ready. So, I believe this time everything goes as it should be.

maybe it would be better if Ukraine made cryptocurrency
requires and teaches its citizens how to use cryptocurrency
thus making many people in the world can invest in cryptocurrency which makes the Ukrainian economy better.

I agree, they are one step closer in creating a successful coin that Ukrainian can use in their own country. Getting crypto legal on a country is a big deal not only on the country but on bitcoin industry as it will affect the price of bitcoin.

I'm hoping that every country has an open mind about crypto.

Ukraine have legal crypto become more popular of blockchain transaction in the world, need many country want to suppor cryptocurrency as legal payment and many chance to get bitcoin and altcoin with higher price.

Since change is always happening every time and everywhere, Mikhail Fedorov, the Digital Transformation Minister of Ukraine plans to legalize the cryptocurrencies at their country, some of the countries today are now using cryptos for any kind of transaction of money. This can help the Ukraine to be aligned to with other countries that are now using cryptocurrency. According to Minister Fedorov, the main goal of the legalization of cryptos is the transfer registries to the blockchain, which is more faster, safer, and efficient transaction.

Yes, everytime governments try to show themselves advanced than the one ruled the country. This is common with every country's plan execution on different policies. Ukraine government giving exemption from taxes was much spoken. Now suddenly a plan change is truly disappointing. Anyhow they haven't gone completely against cryptocurrency like few countries around the globe. Somehow things associated with cryptocurrency activities were gonna get taxed.

This topic is really old enough about legalizing crypto...of course it is really profitable for the government. They really would like to control a lot of directions, but in Ukraine it works quite one-sided. So will see what it may be))))

Everything is possible with the new president in Ukraine. Now, they want to tax cryptocurrency transactions and the process of mining. Such a bill is registered in parliament. Everyone agrees that the law is needed, but there is no consensus on what and how it should be regulated. I guess that they would discuss this law for a long time as it is a too complicated task for Ukrainians now.

They have without doubt realized that they have been missing out on a lot of revenue by completely banning the cryptocurrency in their country and even with that,  I am sure that the citizens were even using it secretly so the government just made a loss of revenue where they should have had a lot.

Blockchain, crypto and etc words it difficult for Ukraine, country not prepared for crypto. I cant even imagine how it would be work here, I am from Ukraine and many people said about crypto that the its  scam and dont want listening another. Ofcouse there are people who use crypto and made money, legalization for this people no need because they already use. They dont want to pay taxes. I will not say about living conditions, but there not pleasure.

Let them legalize cryptocurrency but asking them to start paying tax as at now is somewhat not a good move. The market is still evolving with a lot of volatilities. What happens if the miners are yet to make a good profit that covers start-up cost and operational cost? The government loves tax a lot and this hurts business.

Japan is the biggest example so far of a country that is open minded unlike any other country who banned it for their own selfish reason, my guess about it is that they are mad because they can't control it, but maybe other countries will start to accept cryptocurrencies to make a government that is even more productive and successful without any debt. Satoshi Nakamoto is a Japanese name, and that's the reason I think why Jaoanese didn't hesitate on investing in bitcoin.

What if you never sell it, how do you tax that?

A miner could actually have another business and use that entirely to pay for the mining operation, and spend none of the bitcoin (ie. holder).

Alternatively, most commonly, they would only exchange the minimal needed to keep operations running, pay bills and wages. Do you tax that?

And that begins with the miner disclosing to the gov their wallet address. And, is the tax paid in crypto? A % of the bitcoin in bitcoin? What if they mine some obscure altcoin nobody cares about?

It is a really promising take from a government who wants to put every government records on the blockchain so that every entry is registered and cannot be altered at a later time. It wont be a niche law but the BTCitcoin market is growing at a rapid pace and it cannot be ignored by any government and they will be forced to come up with regulations to have a fair market. Even if there is no regulation people are bound to pay their taxes for the income they earned and majority are doing so to avoid issues in the future.

an open-minded president is the welfare of the people. Even though Volodymyr is a former comedian, his open-minded thoughts about technology are very good. I'm very confident, after the cryptocurrency is legalized there, the people of Ukraine will become more prosperous

Do you mean miners will pay electricity tax or a percentage of Bitcoin mining? And yet, will the government legalize exchanges, that is, control exchange customers by requiring data or you don’t know?

After banned become legit or legal, this is not a surprise, there's have many scenrario and story like this before example on that is Australia and now they enjoy the benefits of crto currency as legal thender as new form of money. Ukraine government are realize the importance of crypto and the importance of of new technologies how it can help for the economy.

I don't know any details, there's no new draft law yet, but what that guy said about mining is that he wants miners to start paying taxes on their revenue, and police/secret service should stop harassing them. As for exchanges, they are already legal, but again, there was no framework for regulation revealed, but my guess is that there will be tighter rules for exchanges, including KYC, because it's the norm anywhere where crypto gets regulated.

Good for them, although after their former president has fled I'm not sure how trustworthy the current government is. Russians are most likely pulling the strings there. There were rumors about Russia planning to launch their own crypto. If they were really doing it Ukraine could be a great place to do some field tests. The Ukrainian government could be easily persuaded to test how the economy will take a more lenient approach to cryptocurrencies. If all goes well Russia will go further with crypto adoption and if not it will be easier to destabilize Ukraine for a future takeover. That's just my little conspiracy theory.

In the near future, those countries that have not accepted Bitcoin and are banned from using it, will end up accepting it, because they cannot go against progress, it is a technology, whether they want it or not, they will end up adopting it so as not to be left behind, and several countries like China and the Philippines are showing acceptance, not just Ukraine.

It's not known yet if there will be some special tax for mining or not, but what that minister actually meant is that right now miners are not paying taxes at all, and they are afraid to do report their activity to authorities, because they might get extorted by law enforcement. Mining is not illegal in Ukraine, but police and security service still seize mining equipment under some bullshit charges like "terrorism financing". Those charges then get dropped, but miners lose a lot of profit while waiting for the court's decisions - this is why it's easier for them to just pay a bribe to their extortionists.

This time their efforts may succeed. Ukraine is no longer being led by the establishment politicians. The people have kicked out career politicians, both from the pro-Russia and the pro-NATO camps. And once these establishment politicians are gone, the government's resistance towards Bitcoin decreases a lot. Volodymyr Zelensky and his party (Servant of the People) are not linked to the bankers and therefore they don't have any reason to hate cryptocurrency. My only regret is that this decision didn't came earlier. BTC-e was based in Kiev, before being forced to shift the operations to Sofia as a result of the hostile government action. Ordinary Ukrainians would have benefited a lot had they continued their operations in Ukraine.

Every legalization addd confidence in cryptocurrency market ,if Ukraine will legalized crypto and brings good to their economy then surely others closer countries my do as well,we need large part of Europe to enter the legalization of cryptocurrency as one of the largest continent and most economical also
Hoping to see this topic updating soon that the legalization is already done

As far as I know, cryptocurrencies in this country are not launched, but there is no official legalization.  Thus, all activity and financial turnover of cryptocurrency is in the shade.  Although in spite of the fact that all state structures understand what financial scales are involved, in this country even refused to declare cryptocurrency for officials, since cryptocurrency is not an asset. :P

There's a possibility that cryptocurrency will be used as mode of investment of this country. But stating that it's not an asset is totally misleading, that's why everybody needed to be more educated with digital currency. More people holds bitcoin for so long and that's the strong foundation which I considered most, and legalization follows.

I hope they succeed. The more countries adopt crypto, the better

If Ukraine wants to legalize cryptocurrencies does that mean that it is illegal to trade/possess it right now?

If you mean that they want to regulate it that is different story...

No, I think what means is that the government of that country will legally recognize the use of crypto in their country I.e put it into some sort of law that will enable the citizens of such country to openly engaged in crypto, which means people can openly accept and do business using crypto,

While not being legalize may not entirely mean illegal just that not have government approval, if you engage in it, then that will be at your own risk, moreover, not everyone will openly accept it or trade with, just like in most countries where the government did not approve or disapprove  the use of crypto but still people engage in crypto trading.

Russia will not succeed in swallowing Ukraine. If Russia, frightened, did not begin to deploy its additional troops to the Donbass at the beginning of 2014, when in Ukraine there were only six thousand combat-capable military personnel and heavily armed Russians in tanks and other modern equipment, only practically voluntary battalions armed with machine guns blocked the way, many of who were then killed, even now, when Ukraine is forming the best army in Europe and which is gaining combat experience in battles with Russian invaders, they cannot do this already.
As for cryptocurrency, I do not see any relationship between the plans of the Ukrainian government regarding cryptocurrency and plans in cryptocurrency from Russia. The Russian government is unlikely to allow its citizens to freely use cryptocurrency, as it will in any case do in Ukraine. In these countries, a completely different degree of freedom and a completely different desire for it. The Russians are not yet able to unite and throw off their internal tyrants, as the people of Ukraine have done more than once, including with their previous twice-convicted President Yanukovych.

Well this might happen only when crypto start dominating the market, government will recognise coins only if the users are higher. BTC dominance is growing fastly and it cannot be ignored by the government, let the government keep some rules to avoid misleading in the near future if they want but just make it legal.

In countries with a worsening economy, these situations should be considered quite normal. If we give an example to these countries, Venezuela, Argentina, Brazil and Turkey can be counted. They either become very innovative and visionary or really have a very bad economy.

I believe that Ukraine is a phenomenal country that attracts its attention not only regarding what is happening politically, but also economically.  Of course, very bad people have ruled this country lately, but with the current government everything can change, since only in the last few months the level of GDP has increased several times and the national currency has strengthened.  The fact is that IT forums have been held repeatedly, which intend to carry out reforms regarding the introduction of digital technologies in all spheres of the country's life.  First of all, I want to mention such facts, where the new government is trying to introduce the concept of Country in a smartphone, where the blockchain will be used.  In addition, the election process in the country in the future will also occur using blockchain.  There are many start-ups that plan to implement their projects using cryptocurrency, and the new government has expressed its willingness to support developers in the literal and figurative sense, since bills on the full implementation of cryptocurrency will be prepared in the near future.  I think that in this matter it is not necessary to insult the inhabitants of this country, since they will prove by their work what they are capable of.

It is good news that Ukraine wants to legalize cryptocurrency. I mean, that would lead to mass adoption right? and it would indirectly lead to more advancement of the industry. Cryptocurrency and block-chain technology has gotten to that stage where more and more countries and people should adopt it. This is a revolution, and no one should be left behind.

The GDP level of Ukraine has not changed much since 1992.
1992 319$
2018 390$
For comparison, the closest neighbor of Ukraine is Poland
1992 252$
2018 1212$

Good statistics on GDP in Ukraine. I think that now this state will act as a PR zone for cryptocurrency. There will be no significant actions from Ukraine in relation to the cryptocurrency market.

This is good news for the cryptocurrency world, hopefully it can become an opening door for other countries to legalize cryptocurrency.
Unfortunately good news like this is rarely exposed in large-scale by social media, usually exposed even news negative regarding
cryptocurrency. Because there are many people who don't like cryptocurrency to be legal. Ukraine is indeed included a country that is
open-minded about technology, therefore no wonder cryptocurrency would be legal right. It's the same as the country of Japan always
open minded about technological progress.

if the ukrain really provides good legality for the use of cryptocurrency I think this could be good news that can have a good effect on the price of cryptocurrency at the exchange and can make bitcoin more famous.

Not just that, every other country will make their own move too. bitcoin popularity will spread more even on those country who restricted it. it will create massive awareness. those country who think that bitcoin will help them strengthen their belief that bitcoin will lift their economy. that should be the good start of all those country.

What's it going to be as an effect on Ukrainian bitcoiners anyway? Legal, illegal, all that regulations seems to help is corporations and enterprise, which don't necessarily do anything for bitcoin adoption. If anything the artificial interest pumped into speculatory markets seems to cause an even bigger pump when the bulls come, followed by a huge hangover every time things retrace.

It's never been difficult to buy/sell bitcoin, or use them, with or without the state spurring it on. It'll all be fine.

I believe they are aiming for greater adoption here. If crypto is legal in all aspects, merchants, shops or crypto users will have no problem dealing with them. They can use crypto openly and they will not hide their crypto activities. More shops/merchants accepting crypto means even ordinary individuals will be enticed to check out the benefits of using crypto and so adoption will get bigger. That is actually great for crypto community.

This is how it's all going to happen with the so strong "sitting on the offence" countries when it comes to legalizing cryptocurrencies. With time and in the near future, i know so many countries are going to go back on their decision and adopt the use of cryptocurrencies not necessarily Bitcoin.

Ukraine is about to form a crypto legalization which is a positive move for crypto market taking ukraine as example we can expect more countrities to form a legal frame work for crypto currencies

The step taken by Ukraine is a good step for the growth of cryptocurrency there. The government seems to want to maximize the opportunities behind the existence of crypto in the country. Tax opinion from trade seems to be the reason why the government plans to legalize crypto. For now, this is only a plan because previously the existing regulations did not prohibit nor did they have official status.
I am of the opinion that Ukraine will only legalize cryptocurrency and make it an instrument in the commodity market and not the payment system. If my view is correct, then the steps taken by the Ukrainian government are almost the same as Indonesia.

Perhaps it will be beneficial to miners, like that minister guy said. Currently miners get extorted by the police very often, but if their business was recognized by the government, they would have less problems.


That's because Bitcoin is not illegal. If it was, we'd have to buy it on darknet markets and deal with hordes of scammers and risk getting caught.

Legalizing cryptocurrency in every country will be a great help on the market because the transaction and investors will become broader and a lot of money will circulate in every country. Bitcoin has a lot of features that can help every transaction especially the payment method. If it is recognized worldwide I think the future will become easier in terms of paying having a fast and secure transaction. The blockchain technology is widening as of now different platform are rising and different uses are being proposed. And since we are in the information age, meaning we are using more of technology, this will be a great help to everyone especially in business.

Legalizing cryptocurrency in Ukraine would be good, but we all know that in Ukraine, their government is known for corruption. This may come to the point where they might make a move in manipulating the cryptocurrency in their country just for the reason of money. This may be good if they legalize it but there will be consequences in return.

Which maybe they wanted to legalize this alternative currency since they can transfer huge amount of money without any trace. It can be a good news to this market if the government will use this as a good additional for their financial system. Since you mentioned about corruptions and just the same with regular fiat money which everything can be done with the facilitation of the government, good and bad things can be anticipated after Ukraine
enable this as legal aspects.

The governments around the world are recognizing the importance of crypto or say more of the blockchain technology so as to boost the economy of the country.Same is the case with Ukraine as they have submitted the bill to legalize it but still they are way to make it happen but they have exempted earlier to crypto holders to pay taxes and other exemptions.The nations who have a positive attitude towards crypto market knows it importance and its usage so they are going to give give profits to the market in form of price rise.

well it seems that the ukrain government has found a point where they can get a lot of benefits when providing legality about the use of cryptocurrency in their country, because usually the government will not give permission for distribution and use which they say cannot benefit the country.

Ukraine is very wise when they are doing anything to fast track the crypto legalization in Ukraine. This is a win-win solution both for the government as well as the crypto-sector. The crypto-community will be free in using cryptocurrency and can expect an increase in the number of merchants and number of users in Ukraine. Crypto-sector will become more livelier than ever. Also in the government side they can easily place regulations and guidelines as well as collect taxes from cryptocurrency business activities.

Once you are in a crises how will you spend money in a volatile market, no government will take a risk to invest in a volatile market like bitcoin if they are struggling with the economy but these countries can attract foreign business and attract them to invest in their country and if these government who are in crises understand the opportunity then they can attract investors which will help them in the long run, but these things will not help them stabilize their economy will it will be like a small booster.

This is a good news for crypto world generally,  hopefully other countries will emulate what the Ukrainian government is doing in the legalization of crypto,  President Zelenksy saw the potential in crypto,  I guess they saw how their neighbor Belarus is doing good after the adoption of cryptocurrency

Legalization of cryptocurrencies is important in countries such as Ukraine. This is incredibly important for the growth of their economy.

That is a very great step that Ukraine is taking which is what I expect other countries to be after also, if Ukraine can get it right, I am sure that other countries will follow behind also, especially countries that are looking up to Ukraine as their mentor which I know that we have quite number of them, and for Ukraine being a great country to have accepted and adopted it, it means that they must have seen some positive effect it will have on their economy.

It would have been great if these big countries can give regulation a chance and see how effective it will be in eliminating their matter of concern about cryptocurrency which I even think that concern is just a way To avoid using cryptocurrency because of the value of their currency they are protecting, most especially the value of US dollars but the larger countries will still have no choice but to accept it when it is working for the smaller countries that has received and adopted it.

How bitcoin can help Ukraine's economy, they have relatively bad things about Africa)

Indeed, they won't allow it unless it will be beneficial for their people and the country maybe they finally realized the opportunities they might get from crypto. Its good to see that Ukraine's government understands how a digital currency works because it can have a huge impact on other country since its possible that it can influence the decision of other country's government. Government officials are wise, they have different way of thinking and most of them are only thinking for their own sake but this time you can clearly see that they are concern about their people and they wanted to give them some opportunities to make some money using cryptocurrency.

Most of the times, it is our key to development is our intelligence and understanding, for me, If I am in the case of the researcher, I will consider using a legit working project, basically if we will going to try what will happen, we might have a difficulty in times of running the entire project transactions. In relation to legalization of crpyto, for me, legalize crypto could be possible if they can somehow support the government and vice versa.

Ukraines economy is not doing great because of the Russian problems, they just recently dot their ACTUAL independence from them. They are still engaged in a war, and suffer from corruption. They should get on any new horse they can find, they need the influx od new ideas and capital bad to promt up their economy.

All the villagers of a village in Ukraine is holding cryptocurrency now, it's off topic here though.
A guy had invested $494 on Cardano and had a return of $1380 later from which he kept his investment and the rest was distributed among all the villagers of that village. This a great work done by that guy. You know it's a great promotional activity in favor of cryptocurrency.

All countries should adopt crypto in order for the economic system to advance a little in development

These measures came a bit too late, I am afraid. A few years back, Ukraine was home to a lot many cryptocurrency ventures. Even the Bitcoin exchange BTC-e (later renamed as Wex.nz) was based from there. However, most of these ventures either closed down or were forced to shift their operations to other countries due to the hostile stance of the government.

The current attempts to attract investment by the Volodymyr Zelensky regime will be welcomed by the cryptocurrency users. But they will be needing assurances from the government. The regime needs to assure the investors and users by providing a guarantee that the official policy will not be reversed anytime during the immediate future.

Some may say that the decision of the government of Ukraine is good; However, we all know that their economic status is not doing good. They also suffer from corruption which affects even their justice system and civil society.
This may have an effect to increase their status, or maybe make it worse.

I'm not sure that this could help the state at all. Such news is always good accepted in crypto community but Ukraine itself and government will not profit from that even if they succeed. And I'm not sure if crypto business in Ukraine could use this opportunity for fast recovery.

Taxes for trade and mining? Isn't it rather hard to do. How does the government take tax on crypto trading, if the government opens the crypto market it can be done, but is there a local exchanger in Ukraine?

Many countries say that adoption of crypo technology makes me personally happy. Then the regulation for the use of global currency is not hard to do, I'm talking aside from TAX. Besides the global use of bitcoin cryptocurrency or USDT can invrease the crypto adopt in market but can it be beneficial to the country's economy, it's like importing Fiat into cryptocurrency.

We never know until it happens. Ukraine can use this opportunity but I also do not believe that they can reverse their current situation to a better shape. The legalization of crypto doesn't bring economic boost that easily. Unless they make a move to earn it.

This is indeed a great step in the crypto world, if Ukraine will legalize crypto and the outcome of it is good, then countries that are in favor in crypto will be given the chance to legalize it as well, as they've seen success from Ukraine, it will really a big thing and good news in crypto industry.

bitcoin can make economy better depend on people, how effective they are use this stuff. if in that country most people dont know about bitcoin, it mean just small of group will expand their economic.

Adoption bitcoin as legal transaction by Ukraine government give many positive effect for bitcoin and altcoin excatly in Europe, many country want to allow how Ukraine organize with bitcoin and altcoin as legal transaction payment, they will give opportunity for bitcoin become safety and faster transaction if adopt bitcoin and altcoin, just waiting when Ukraine announce for bitcoin and altcoin become legal.

Ukraine now is under new administration of President Zelensky, although the corruption issue is hard to diminish into the government but who knows, right?

What Zelensky and Ministry of Digital Transformation plan is to legalize bitcoin cash and bitcoin core ( though Idk why bitcoin is not included ) while the propose bill is also to attract new exchange sites to come in Ukraine. Needless to say, that this new administration is pushing through the bill as soon as possible and be ahead to their neighbors hence building a crypto valley is a big step for them.

The new president needs all strategies to make their economy to become strong and stable therefore if they think that crypto currency could also help them then lets just wait and see. Once legalized they will fully impose taxes from crypto currencies earnings in which one of the advantages that the government could not refused.

In Ukraine, not only have they begun to turn their attention to cryptocurrency. It already has its own Carbo cryptocurrency, working cryptocurrency exchanges and exchangers, and the cryptocurrency goes through its territory completely and without any problems. For several years now, the legislative body of Ukraine, the Verkhovna Rada, has had several good bills on the legalization of cryptocurrencies, including those that completely free its holders from paying any taxes related to cryptocurrency. A few years ago, about thirty deputies of the Verkhovna Rada made cryptocurrencies in their tax returns, but the relevant ministry explained to them that since cryptocurrency is not legalized, you should not mention its presence in tax returns. Now it is only about the fact that in Ukraine soon they are finally going to legalize it by adopting the relevant laws. There is no doubt that such laws will be adopted.

It seems to me there is a sense to take an example from China and start with the implementation of Blockchain. In my opinion, this will be more profitable for every sphere in the country, especially for the financial one. It can remove corruption and take elections to a new level, right?

Interesting news from Ukraine - recently the term "cryptocurrency" was used in one of the passed laws. The law covers declaration of property and assets by government officials, and it aims to reduce corruption by making those declarations transparent to the public. The subjects of this law have to declare all their cryptocurrency holdings and provide additional details like the date when they have acquired their cryptocurrencies, and the price at that date.

So, even if crypto isn't officially regulated, it does get recognized by the state as an asset.

Great news! I read a lot of articles about the news. Most important thing is top crypto exchange already involved or as a advisor with Ukraine ministry authority to help legalization of cryptocurrency. Most provably it will be happen end of this year. @cz_binance already tweet regarding the news and Binance team participating in the conference.

This could be a good development, but there's always a chance that other parts of the government, like the central bank or prime minister, or the parliament, some of them might block Binance from entering Ukraine. Ukraine is one of a few countries where PayPal doesn't work, because of stupid regulators, so anything can happen. Let's not get hyped by news and announcements and wait for results instead.