Crypt is now legal in Ukraine

[Sanugarid]

Ukrainian Finance Minister said  the government is in position  "to block crypto wallets" containing " illegally obtained crypto assets" . (I wonder how to?) .

Ukraine to Block Crypto Wallets for Illicit Funds, Finance Minister Says

They are going to ask crypto exchanges and banks to do KYC of people who do operations with crypto past certain limit - around $1,200, and they will have to report "suspicious" transactions and regulators might order to freeze assets on those online accounts. They also talk about how they will be using chain analysis to do their verifications.

Also, there's another interesting line that wasn't in the article - the minister said that they don't see crypto being used by corrupt officials, so it should be legalized in long term to boost the economy.

I wonder if crypto holders will pay a crypto tax in case of legalization?

What do you mean by "crypto tax"? People are already supposed to pay a tax on their profits from trading, but since this potential crypto legalization is still miles away - there's no proposed law or even just a plan, no one knows how would the taxes look in case the legalization will happen.

This is definitely good news for them because people in Ukraine can now buy their own crypto and can use it freely in their country. This is actually showing that cryptocurrency is now being adopted by many countries this may show that they are now recognizing how good cryptocurrency is. We are all hoping that all countries will adopt cryptocurrency so that the community will get bigger and we can acquire a lot of investors. Investors are such a good one for every project that is coming, the more investors are, the more possibility that the project will succeed.

[elisabetheva]

This is undoubtedly good news. But it’s worth going deeper into the process where this or that amount of money will go. The main thing is the spread of the use of cryptocurrency and official recognition. Then a huge mass of new users will join the crypto community.

That's right. I totally agree with you, this is very good news. will certainly affect the development of crypto more recognized and better known. at least many who want to join in a new project will add to the excitement of investors because the ban no longer exists. hopefully such developments will spread to other countries.

[yazher]

Ukraine is not a small country, this might be the beginning of some good news as we entering the very first quarter of this year. Let's hope that more countries will follow Ukraine's foot's step in adopting cryptocurrency. This is a huge positive impact on the Ukrainian exchange. the best thing with this is, we will see some uptrend in the market with this good news.

[icewitch0612]

Should we expect a national cryptocurrency from Ukraine?

[Assface16678]

This is undoubtedly good news. But it’s worth going deeper into the process where this or that amount of money will go. The main thing is the spread of the use of cryptocurrency and official recognition. Then a huge mass of new users will join the crypto community.

That's right. I totally agree with you, this is very good news. will certainly affect the development of crypto more recognized and better known. at least many who want to join in a new project will add to the excitement of investors because the ban no longer exists. hopefully such developments will spread to other countries.

Today many people want to include the cryptocurrency as a payment because they see the potential of the cryptocurrency as a payment to the services and other kinds of stuff and now having a piece of good and great news another country already accepted the use of crypto on their country and they are now improving the use of it to their transaction. We all know that the crypto is one of the fastest purchase today there is no interruption just sending the wallet and the deal is done there is no queue or any hassle about the market trading and also it is secured because the transaction will be happening are exclusive only to the two-person will make the process of payments.

[Maslate]

Ukraine is not a small country, this might be the beginning of some good news as we entering the very first quarter of this year. Let's hope that more countries will follow Ukraine's foot's step in adopting cryptocurrency. This is a huge positive impact on the Ukrainian exchange. the best thing with this is, we will see some uptrend in the market with this good news.

Some say that this one is a fake news but hopefully if this is a legit one, this is a great start for crypto to be adopted legally in such a big country. Ukraine people will now have more freedom to control their own money and will start eventually experiencing good advantages of crypto particularly in their own economy. This news will bring additional positive impact on the part of crypto as some countries are still doubtful about it.