Bitcoin Forum

Yesterday I posted the list of bitcoin friendly politicians (https://bitcointalk.org/index.php?topic=5194213.msg52807916#msg52807916) and guess what I discovered a new politician which is bitcoin friendly. This person is no other than the President of Ukraine namely president Volodymyr Zelensky. President Zelensky wanted to legalize bitcoin and other cryptocurrency in their country. According to news.bitcoin.com (https://news.bitcoin.com/ukraine-in-a-rush-to-legalize-cryptocurrencies-under-zelensky/)  they mentioned that the president is in a hurry to legalize cryptocurrency in their territory. The legalization is already being planned out very carefully since they are now creating regulations towards the crypto sector.


It is important to take note the political individuals who are making big things for bitcoin. I assume that with President Zelenskys term bitcoin will be legalized in Ukraine and it will bring a good impact on bitcoins value at the market.

The current Ukrainian president seems to be a supporter of crypto for the country to be a test bed for regulations and gauging interest from the masses before Russia fully adopts it. Or this could be their way of rebuilding Ukraine after a series of devastating economic struggles and social divide between Russian sympathizers and Ukrainian nationalists that happened in the term of Petro Poroshenko. It could be a good strategy for starting a rebuild and inviting foreign players to Ukraine for crypto-related businesses and services, too.

I think the president is giving an enabling environment for crypto to grow. I have also seen this thread relating to legislation of crypto in the country https://bitcointalk.org/index.php?topic=5188232.0
This is a welcome move and could drive more countries to come out fully positive for cryptocurrency.

Since the very President of  this country is very friendly and strongly supporting Bitcoin, then we can already be sure that soon Bitcoin can be recognized either as a currency, an asset or even both in Ukraine. I heard many things on Ukraine actually and how the government is very open to things related to cryptocurrency and blockchain in there. Now, I am hoping that economic activities can be stimulated in Ukraine because of their openness to Bitcoin and therefore can be helping a lot in their fledgling economy. With its population of 43,914,374, Ukraine is not another small island state and definitely has one of the best potential to be a key player in the Bitcoin marketplace. Will Ukraine be using Bitcoin as one of its central bank's reserve assets? I certainly hope for that too.

It will bring value in that country and a model for other countries who still not adopting Bitcoin in their country, some countries are very hard on Bitcoin like Bangladesh and India and other countries if they see an industrial country like Ukraine making a good progress in Bitcoin I'm pretty sure they will have a change of rules regarding Bitcoin.

Actually its possible but there is no assurance since most of the government officials are against bitcoin while others think that it might help their economy and their people are able to get some benefits/opportunities from it. They have different way of thinking and perspective but as long as they think that its not good for their country and their people then they will not accept it, of course they want something where they can get some advantages and benefits but it is a good news that someone was able to understand how digital currency works.

It's actually great that there are some leaders who look at cryptocurrency in a good way. This will be a good opportunity for countries since their leader is positive when it comes to cryptocurrency. Countries who are positive in crypto is making a huge impact in cryptocurrency as a whoele increasing the market volume, and not to mention those countries who are developing their own ideas in crypti creating projects and companies that are blockchain based would help in adoptation and awareness. Let's hope that Ukraine's president would inspire other leaders in accepting cryptocurrency.

The current president of Ukraine is from a different background than most of the politician comes from. He's tech friendly and witty. He might lack the experience of politics but he knows how to make the people happy.
The problem with the world is we have corrupt politicians that are raised with conservative ideologies. They always want to rule with oppression and they fear any changes may lead to diminish of their power.

Looks so young for a president but its good to see more politicians are considering cryptocurrency and he is rushing to legalize it - what drives him? We don't see much of them open for this revolutionary digital currency and if the legal council he has includes economist, he must be aware what cryptocurrency can do to a country's economy.

Not seeing projects from that country though, most of what I see was from Estonia. Slovakia as well which is pretty close to Ukraine.

This is exactly what i think, he just understood the advantages bitcoin presents to his country and if he legalizes the bitcoin market he knows that it will attract investors into his country from neighboring countries as well and it will be a crypto hub in the entire region and the benefit goes to the people as it will present more jobs and boost their economy, really good to see that some leaders are pro crypto.

Volodymyr Zelensky is not the sole pro-Bitcoin politician in Ukraine. A few months back, the Ukrainian parliament (Verkhovna Rada) made it mandatory for the lawmakers to reveal their cryptocurrency holdings. One of the MPs declared that he holds BTC465 in his wallets, which is worth more than $4 million. A few of the other lawmakers also revealed that they hold cryptocurrency. As per the affidavits, Oleksandr Urbansky owns BTC2,492 and Dmitry Belotserkovets holds BTC398. And the most surprising case is that of MP Dmitri Golubov. He declared that he is holding a massive BTC8,752 in his wallets (worth around $80 million). In total, 57 officials declared that they own Bitcoin.

Somehow I doubt that he is personaly engaden in supporting Bitcoin just because this is his attitude. Probably there are some strong political reasons behind that, probably connected with Russia like you penzioner.
I don't know how much real power president has  in Ukraine but somehow I doubt that he can push positive Bitcoin regulation on his own.

That's very interesting. Provide us a link to it. This is going to be a good country for crypto. Officials are revealing how much BTC they own, this is very revealing. I wouldn't be surprise if the officials in the neighboring countries also own some BTCs too so are they declaring these on their Statements of Assets and Liabilities?

The reason for rushing the legalization is perhaps to collect tax from them all.  :D

There is a high percentage that there is a political reason behind this, they are planning something after legalizing cryptocurrency in their country. This may be bad or good, either of it, this might also become the reason for other countries to adapt cryptocurrency, this will increase the demand and there will be some improvement in the market that might hapen in the near future.

Crypto should be anonymous, free from centralized regulation. If anyone makes regulatory law, it makes crypto partially centralized. What we can try to prevent is, scam ICOs, IEOs. Random person starts his BS project to steal our money. First thing we need to do, is educate people about crypto. And influential people like Mr president can help us in that regard. Certainly it is a good news for crypto people. The early we can adopt crypto, it will be better. If we gather enough knowledge about crypto, it will be harder for the scammers to steal our money. I prefer crypto over fiat cause it makes me financially independent.

Wow that was huge amount of Bitcoin holdings, no wonder why they are rushing to legalize it on their country since they will benefit from it once the price goes up but still a good news for crypto-space because other countries might follow their action like a domino effect.

P.S. can you share me the source? Thank you in advance!

The article is misleading, as far as I'm aware, the president himself never said anything about crypto , though he did mention blockchain a few times in his speeches. The news are based on the statements of a minister from the government, I have reported about it here a few weeks ago - https://bitcointalk.org/index.php?topic=5188232.0
You can't say that the president is pro-crypto because some people from his party are pro-crypto (which is also not entirely correct - they plan to tax it and regulate it, and those laws might even be quite draconian, who knows), the president himself most likely doesn't know much about crypto and doesn't care, he has more important things in his mind - the war, reforms, diplomacy, etc.

Just another reason to not trust bitcoin.com - not only they are extremely biased, they also can't properly report facts and try to sensationalize and distort them.

this is rather old news , I believe it happened back in 2017
they were smart to legalize their , most likely , illegally obtained funds by buying bitcoins and declaring it while bitcoins were not considered assets or money
now if/when the crypto sector is getting regulated , they have this money , basically laundered and legal
look , I have declared them back in 2017 , so they could easily sell the coins and spend the money as they please
p.s. imagine any MP in your country hold thousands of bitcoins without ANY reasonable source of legal income to show for it
you simply do not earn millions of dollars out of the blue and  IMHO the vast majority of the Ukrainian MP are corrupt thieves

Ukraine president have support for bitcoin will have positive way where in Ukraine have many new investor with bitcoin, they will heard what their president said about bitcoin as investment and legal payment, without have lower value by inflation I think bitcoin will wonderful in Ukraine, I hope my president country want to support for bitcoin become legal payment and become currencies for daily transaction.

It's awkward when you're Ukrainian and pro-crypto, but learn this stuff in a discussion by people from various topics on bitcointalk :D. When I google "Zelensky supports cryptocurrencies" in Ukrainian, though, there's no relevant information available. The same happens with googling "Zelensky is for Bitcoin". Only when I google the minister of digital transformation, I can see that there've been talks about it recently. The announcement in Ukrainian says, though, that the point of making cryptos legal is to make crypto-users pay taxes so that the state can benefit from that. Anyway, the talks about cryptos and blockchain are there in Ukraine, that's true, and they come from people of Zelensky, but not from Zelensky himself, so the thread's name is very misleading.

Glad to see some European President is pro-crypto ( besides Malta ) as this is only good news for the citizens of Ukraine and they should take this as an advice to invest into Bitcoin and not only. Seems that a lot of officials from Ukraine are holding a nice bunch of Bitcoins into their wallets, what I find interesting is why now ? Why they didn't speak about Bitcoin in Ukraine some years ago to inform the citizens about cryptocurrencies. Here in Romania , I remember media spoke about Bitcoin since 2014 and from time to time there are some nice and detailed interviews regarding crypto and especially the Blockchain tech so lets hope more countries will follow the example.

I am happy to see a country leader who fully supports his citizens to use crypto. Because from my point of view, the legality of crypto in Ukraine can make the way they do their transactions grow. Maybe over time, crypto money can reduce the use of paper money.

Pretty big - Ukraine has been a pretty powerful force when it comes to bitcoin adoption, they've always been pretty popular with that, and especially mining.

I actually remember there being articles of people who hooked up mining operations in the winter and moved them around the house to save money on indoor heating - very ingenious!

It'll be hard for them to make any changes for the entire Europe though. The EU corporations are really against decentralization and crypto-currencies...

I from Ukraine and I think, Zelenskiy not a pro-crypto president, he is a pro-taxes president  ;D
Since 2015 years, in news sometimes up crypto themes. Ex-president wanted to legalize cryptocurrency. Because mining is exist, but taxes to profit - not exist :D. And AML in cryptoworld not exist too. And he change this situation. Maybe, he create a tokenization, but it does not matter. Taxes.. TAXES.. TAAXEEES. Only taxes.

that's interesting news for our brothers in Ukraine because their president has legalized bitcoin in his country by legalizing bitcoin and cryptocurrency. It's very profitable for the Ukrainian community to transact with cryptocurrency and investing in bitcoin will become a bitcoin-friendly popularity, so by legalizing bitcoin in Ukraine, it is likely that bitcoin will rise again at a market value higher than last month's price.

It's good for crypto that the president of Ukraine is positive towards crypto. Crypto can gain more attention that is good for mass adoption when they finally legalize it. They may include tax when they legalize cryptocurrency in Ukraine but it's fine cause the good thing here is that, regulation can help to protect the users. Idk. I see it as something good but still  depends on the government if they just want to take advantage of it or they're really into crypto and want to help their people.

Hopefully this will really help their country solve some of their financial problems.

funny
it would not have helped even if the money were poured into economy
the problem that even there are some extra taxes collected ( and this would be the only reason to introduce the regulation) everything will be stolen by the corrupt government
there is no trust in the society , the previous president had around 10-12% support
and some hoped that Zelensky would bring something new and a new team , it didn't happen
73% of the votes went to him , high expectations .... disappointment is huge and it will get only worse when more and more people discover the truth - nothing will change , it is the same old story and the same rhetorics , just under a new guise

This type of news enlighten me as well as bring hope for the future of cryptocurrency, It's very appreciable that political persons are getting interested in this cryptocurrency platform who could play a vital role in order to make this platform more usable, but if they want to rebuild their economy by this cryptocurrency then it's questionable about the feasibility. whatever the case is I think Ukraine would be a model of cryptocurrency country if they really want to make their country cryptocurrency-friendly, Hopefully, the more political figure will come to this platform and the more this cryptocurrency will be flourished. in this way, this is gonna be a big market in the future.

It seems not yet official, the legality is still in the plan and may be realized soon.
Ukraine plans to legalize crypto, it is a very good plan. The steps taken by the Ukrainian government will naturally have a positive impact on future growth in the cryptocurrency sector in the country. I hope that other European countries will also follow the steps taken by Ukraine to support crypto and legalize it.

The government of Ukraine is known for corruption, its no wonder that they will take actions when it comes to cryptocurrency.
They see fortune out of cryptocurrency, they wanted to legalize it because taxes that they can collect will expand and added to their pockets.

Maybe you about Russia? Because in Ukraine corruption is not a mass phenomenon

It's great news for the entire ecosystem, because when a president of a nation says he wants to legalize cryptocurrencies, then trust increases and people invest and start accepting them.

The legal framework is vital and governments can benefit.

President of Ukraine Vladimir Zelensky is one of the youngest presidents, and as a representative of the young generation, he supports cryptocurrency, and I am absolutely sure that it will be legalized very quickly in Ukraine. Zelensky now for the first time in the history of independence has complete power in the country. His party “Servant of the People” will constitute an absolute majority in parliament and is able to quickly adopt and adopt many good laws. In the first 50 days of parliament, they passed more than 60 laws and presented more than 600 as bills. The president has formed his own government, and now all issues that have not been resolved for decades are resolved very quickly.
I must say that Zelensky is completely new in politics, he is not connected with any corruption schemes and obligations.
I hope that Ukraine under this president will quickly recover from the previous corrupt officials, because it is one of the largest states in Europe (by the way, the geographical index of the center of Europe is located on its territory), and has huge natural resources, as well as great industrial potential.

Ukraine is in a very bad economic condition right now. I think Ukraine President trying to do a good job about cryptocurrencies. Cryptos could be a good thing for the economy. If the government of Ukraine legalizes Bitcoin, it may affect the other countries too I think.

Good job for Ukraine president, president Volodymyr Zelensky has an open mind about technological progress. Therefore
want to legalize bitcoin and other cryptocurrency in Ukraine. This is a positive step for cryptocurrency because it can bring
good effects for cryptocurrency prices on the market. This will lure other countries to do the same thing, which is to adopt
bitcoin. And if other countries have followed the lead in Ukraine, developments in the crypto world will develop very rapidly.

I think everyone should understand that the President has "plans", so it's not yet implement or something. So I don't know what members are saying that it is legalised already or something to that effect, Lol. Of course this is a good news, but we have seen this kind of media attention before, like Russia, who says that they are pro crypto, but in the end, it's the complete opposite. So let's wait and see how it goes.

Ukraine has been having very hard days for a long time. They are having a big economic trouble now. Maybe, the government can do something about this and try to convince people for crypto usage. By doing this, crypto may help them in a condition like this.

This trouble are synthetic. Maybe, if minister of finance was a brain, now trouble not exist. Do you like a credit with 18% yearly rate in currency, who grew up on 9%? Head of finance like this rate, ~27%, maybe this is her favorite number, i dont know.

Which is much better to look for the brighter side of this news though there's no actual statement yet that its been implemented but the fact that the person is not against the system already give good hopes for this nation to be added with crypto lover society.
If being legalize the citizens will enjoy the benefits of using crypto as an additional payment processing system.

Who the next president and country want to support using bitcoin as legal transaction after Ukraine President support using cryptocurrency, ween need every president want to adopt bitcoin and altcoin as legal payment for their transaction. Giving valid data for every transaction, most faster payment if using bitcoin than other fiat currency and bitcoin less payment fee than we use other fiat digital.

Let's see the outcome once Ukraine legalize and regulate the use of crypto in their country, if good thing happens for sure a lot of countries will follow their footsteps. Here in our country, I can foresee that time will come Bitcoin can be regulated here, as I know that people now here are adopting crypto and the users are increasing rapidly.

In Ukraine know about cryptocurrency maybe only enthusiasts, students in faculty of economics and people, who want made 100x by day.
Its 1, max. 2% of people in Ukraine. And maybe 0.1% know, how working blockchain, transfered coin and ecosystem. If mr. president legalise cryptocurrency, its dont create profit for uktainian budget, im guaranted this. But legalise is help for judge, which working with people, who used cryptocurrency in bad deeds.

This could potentially be bring positive feedback to the whole bitcoin network. Other countries would start looking and considering legalizing bitcoins with their own regulations to exchanges and projects. However, it's still too early to say it would be successful. But it's good to see adoption is starting. Bitcoin would likely be the next digital mode of payment for larger amounts, an alternative to currently existing digital fiats.

I think that this time in Ukraine they quickly legalize cryptocurrency. The president and parliament work harmoniously and efficiently. However, it will nevertheless take some time to get to this law, because several thousand bills are waiting for consideration. It should also be borne in mind that several good bills have already been submitted to the Verkhovna Rada of Ukraine and each of them can be taken as a basis.
So far, President Zelensky has lived up to the expectation of the people, although there are mistakes that an inexperienced politician will surely have.