Ukraine wants to legalize crypto (again)

[hatshepsut93]

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.

[zahed]

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.

[hatshepsut93]

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.