Ukraine is the "island of crypto freedom" in Europe, what to expect ?

[Rasa nanas]

first we have to know what kind of crypto that country will legalize. I am sure that even though they will legalize cryptocurrency, the people there will not be free to use digital currency to be used as a transaction tool because it can threaten their fiat currency. there have been many discourses of this kind before but the implementation is not in accordance with what we imagine. so we have to wait until the discourse is actually realized in order to really know how it will be implemented.

[1714662027]

1714662027

[1714662027]

1714662027

[1714662027]

1714662027

[Sterbens]

first we have to know what kind of crypto that country will legalize. I am sure that even though they will legalize cryptocurrency, the people there will not be free to use digital currency to be used as a transaction tool because it can threaten their fiat currency. there have been many discourses of this kind before but the implementation is not in accordance with what we imagine. so we have to wait until the discourse is actually realized in order to really know how it will be implemented.

It's been explained in threads and articles about it, you just need to know carefully. What they say "cryptocurrency" means the outline that we often encounter in the market, and they announced several markets that will be ready to operate in Ukraine.
Then in addition to the cryptocurrency, they will accept, the government there is also finalizing to soon release "e-hryvnia", which means their own crypto for the Ukrainian state. The problem of the community being able to accept it or not, we have to conduct a direct survey for the response of the people in Ukraine regarding the use of cryptocurrencies. In the comments, I found that based on one of the residents who already lived there stated:

I have been living in Ukraine for 3 years now, considering this is my fourth year, I can honestly give a good opinion.
1. It's very easy to buy/sell cryptocurrencies like bitcoins here in Ukraine.
2. There are many people interested in the same so you can always find a local buyer.
3. The crypto market is flourishing day by day.
4. More and more stores online are accepting cryptocurrencies, the other day I wanted to buy some stuff for my dogs and apparently there was an option to buy using bitcoins, which honestly baffled me since people were so open towards it.

[DrBeer]

I have nothing against Ukraine becoming a kind of crypto oasis or, as the OP says, an "island of crypto freedom", but the question is whether it can overtake or reach the countries of Western Europe that already have very well-established crypto regulations. By that I mean Germany, Switzerland, Portugal, Slovenia, Croatia as quite crypto-friendly countries, especially in terms of taxes that you don't even have to pay in some countries if you hold crypto for more than 1 or 2 years after purchase.

When it comes to Ukraine, what about the element of national security in terms of the country not being able to defend its borders when needed? This threat is still relevant and I think that investors are not very interested in investing in such countries, regardless of the conditions that may be very favorable for them. The condition for the progress of every country is to be politically and militarily stable, without which there is no progress.

If we take into consideration GPI (Global Peace Index), Ukraine is in a very poor 143rd place (out of 163 countries) by a factor that measures the "relative position of nations 'and regions' peacefulness."

As a person living in Ukraine, I can add that in addition to 2000 km of borders with the state of the world terrorist, we still have purely internal problems that can negatively affect any quality decisions. This is:
- corruption
- oligarchic power
- mentality of people

The problem of Russian aggression is now stabilized, we managed to repulse Russian terrorist troops and separatist gangs in 2014-2017, and return a significant part of the occupied territories in eastern Ukraine. Of course, the Kremlin "warriors" will still "rattle their weapons" at our borders and try to destabilize the situation through cloaca like the "Donetsk People's Republic" and the "Luhansk People's Republic" (not recognized by anyone, self-proclaimed territories, led by separatists and international terrorists ), but as reality has shown, despite the fact that the war continues - the economy, after 2016, began to actively grow. I think the European and generally Western vector of development we have adopted will still bring results, and the aggressor will be driven into his place, which will allow Ukraine to become a high-quality and safe partner in the crypto world, for other countries and continents.

Yes, our "indices" are not very high, but we still have many problems, but we want changes, we are ready to work, we understand that without effort there are no victories and achievements. I noticed that in recent years, a significant part of the population began to change mentality, values, goals ... People saw how you can live, what to strive for, ... I hope we said goodbye to the legacy of the USSR and its perverted ideology, which was driven into us in the heads of 80 years ... In a word, with a lot of risks, I believe in our success!

[Lucius]

The problem of Russian aggression is now stabilized, we managed to repulse Russian terrorist troops and separatist gangs in 2014-2017, and return a significant part of the occupied territories in eastern Ukraine. Of course, the Kremlin "warriors" will still "rattle their weapons" at our borders and try to destabilize the situation through cloaca like the "Donetsk People's Republic" and the "Luhansk People's Republic" (not recognized by anyone, self-proclaimed territories, led by separatists and international terrorists )...

I will tell you that the Russians got what they really wanted, and that is Crimea - and everything else was a smokescreen that still serves its purpose. I am telling you here about the inability of your state to return the occupied territories in any way (diplomatic or military), which is a very negative signal to any investor who wants to start a business in your country.

From the experience of someone who went through a bloody war for independence and whose country also has a similar problem as far as its eastern borders and territories are concerned. Many large investors who play in the long run simply do not want to take risks in a country that can be attacked at any time by neighbors claiming its territory.

You can hope for the best, or move away like many of your compatriots to be cheap labor in Western countries - your loss is their gain.

https://www.theatlantic.com/international/archive/2020/03/ukraine-eastern-europe-depopulation-immigration-crisis/608464/

[so98nn]

Different countries with the different perspective for the adoption of crypto. I mean it's not the first time we are seeing any country legalising the crypto tender. First Japan, then El Salvador, Australia, Virginia and many more are in the line already. It's just different because Ukraine is making it stronger tender for crypto in terms of legalities and infrastructure of the same. Though this is just in talks, it's only break through when Ukraine become the hub for various projects and drives the global operations towards it.

Because as far as I know other countries are already equipped with the huge mining farms and run major operations of crypto. So Ukraine needs bigger plans if they wanna be "island of crypto freedom".

[DrBeer]

I will tell you that the Russians got what they really wanted, and that is Crimea - and everything else was a smokescreen that still serves its purpose. I am telling you here about the inability of your state to return the occupied territories in any way (diplomatic or military), which is a very negative signal to any investor who wants to start a business in your country.

From the experience of someone who went through a bloody war for independence and whose country also has a similar problem as far as its eastern borders and territories are concerned. Many large investors who play in the long run simply do not want to take risks in a country that can be attacked at any time by neighbors claiming its territory.

You can hope for the best, or move away like many of your compatriots to be cheap labor in Western countries - your loss is their gain.

https://www.theatlantic.com/international/archive/2020/03/ukraine-eastern-europe-depopulation-immigration-crisis/608464/

"I am telling you here about the inability of your state to return the occupied territories in any way (diplomatic or military), which is a very negative signal to any investor who wants to start a business in your country." - unfortunately I have to completely agree with you - yes, now we do not have methods of direct influence on the aggressor country, and there are no simple methods to quickly return the occupied territories. And it goes without saying that this does not make our country attractive to investors.
But there is another side - financial and technological projects, in today's world, in fact, do not have a territorial connection and can easily, in minutes, move to the other side of the Earth. Convenient tax conditions and legal framework can be a good basis for starting a project.

If we talk about the problems indicated in the article, it would be foolish to deny the above facts. Yes, there are problems, and yes, today's government is essentially a herd of sheep. Although I shouldn't have offended such useful animals by comparison with our current government
Although, I slightly distorted reality - they are not sheep, they are not pro-Ukrainian politicians. They play into the hands of the Kremlin, into the hand, or rather into the pocket, of our oligarchs, they are destroying what was created in 2014-2019, they create and increase corruption .. But nothing - we will change, this is a question of some time

[Leviathan.007]

The government of Ukraine already shows us and they are friendly with bitcoin and cryptocurrencies. Unlike many other countries, they are scared of any new economic new technology, Ukraine government helped the Ukrainian people to enjoy using cryptocurrencies. I'm not sure about the power cost in Ukraine but I believe due to the reactions of the government we can see more miners migrating to this country and this will help both bitcoiners and the government. I guess, soon the other governments will be forced to be like Ukraine and legitimize the cryptocurrencies in their countries.

[justdimin]

"I am telling you here about the inability of your state to return the occupied territories in any way (diplomatic or military), which is a very negative signal to any investor who wants to start a business in your country." - unfortunately I have to completely agree with you - yes, now we do not have methods of direct influence on the aggressor country, and there are no simple methods to quickly return the occupied territories. And it goes without saying that this does not make our country attractive to investors.
But there is another side - financial and technological projects, in today's world, in fact, do not have a territorial connection and can easily, in minutes, move to the other side of the Earth. Convenient tax conditions and legal framework can be a good basis for starting a project.

If we talk about the problems indicated in the article, it would be foolish to deny the above facts. Yes, there are problems, and yes, today's government is essentially a herd of sheep. Although I shouldn't have offended such useful animals by comparison with our current government
Although, I slightly distorted reality - they are not sheep, they are not pro-Ukrainian politicians. They play into the hands of the Kremlin, into the hand, or rather into the pocket, of our oligarchs, they are destroying what was created in 2014-2019, they create and increase corruption .. But nothing - we will change, this is a question of some time

Russia never really cared about foreign investors in a meaningful way anyway, not even China really does. All they care about is money and how they make it, if they can make money by angering others then they will do that, if they make money by pleasing others then they will do that. However more than anything the most important thing is to keep their dictatorship going, Putin will murder half of Russia if it means he will keep his power, that is what being in power illegally makes you do because if you lose it one day then the next day your trial will begin, after decades of being a dictator nobody really wants to see fair judgment laid upon them because they know they will lose.

There are dozens like that all around the world. So they look for the middleground, something that will help them stay in power, but also could make them money, and this was the way they did it.

[Hydrogen]

Cryptocurrency legalization is like the 2021 version of "legalize marijuana". Its viewed by many as the most rational and quick answer to create jobs and generate economic growth. And so we see ambitious and innovative efforts to harness the positive effects bitcoin and crypto has on society being made by many. I don't think there's any deep angle to ukraine's crypto proposals. Adopting crypto is a no brainer.

The problem of Russian aggression is now stabilized, we managed to repulse Russian terrorist troops and separatist gangs in 2014-2017, and return a significant part of the occupied territories in eastern Ukraine.

Economic sanctions on russia forced them to rely purely upon banks for business transactions. It allowed banks to seize control over Putin and russia. The effects are tangible. Post economic sanction russia looks very different. The opposite of pre economic sanction russia.

[DrBeer]

Cryptocurrency legalization is like the 2021 version of "legalize marijuana". Its viewed by many as the most rational and quick answer to create jobs and generate economic growth. And so we see ambitious and innovative efforts to harness the positive effects bitcoin and crypto has on society being made by many. I don't think there's any deep angle to ukraine's crypto proposals. Adopting crypto is a no brainer.

The problem of Russian aggression is now stabilized, we managed to repulse Russian terrorist troops and separatist gangs in 2014-2017, and return a significant part of the occupied territories in eastern Ukraine.

Economic sanctions on russia forced them to rely purely upon banks for business transactions. It allowed banks to seize control over Putin and russia. The effects are tangible. Post economic sanction russia looks very different. The opposite of pre economic sanction russia.

I hope that the sanctions will have the same effect as was achieved after the imposition of sanctions against the USSR, and this "terrorist empire" will also be destroyed and will no longer terrorize the whole world! So far, the real benefit to the world community from Russia tends to 0, but the harm goes off scale reasonable limits. I hope for further support, in this matter, from the West, in particular the United States, Britain, Germany, and many other countries that are not ready to cowardly turn a blind eye to the crimes of Russia

[Lucius]

I hope that the sanctions will have the same effect as was achieved after the imposition of sanctions against the USSR, and this "terrorist empire" will also be destroyed and will no longer terrorize the whole world! So far, the real benefit to the world community from Russia tends to 0, but the harm goes off scale reasonable limits. I hope for further support, in this matter, from the West, in particular the United States, Britain, Germany, and many other countries that are not ready to cowardly turn a blind eye to the crimes of Russia

One thing is quite clear, and that is that Ukraine has great support from the US and the EU, and quite another thing is how that support manifests itself in real life. Russia, on the other hand, is under sanctions, but that doesn't stop it from being what it used to be - nothing has changed in that regard. Business with China or Iran is going according to plan, because they don't care too much about sanctions, and I'm sure that the EU and the US are turning their heads to the other side when it suits their national interests.

Ukraine's problem is that it is in front of the Russian door, and they do not want the EU, NATO, or the US in their backyard. Besides, be sure that no one will attack Russia militarily because it would mean World War 3 - and besides, history tells us that Napoleon and Hitler broke their teeth on that country - after all, the Americans only attack the weak, the EU can't defend itself either - and the UK mostly dances like the US plays.

When I read what this old fart said in 2016, I wonder who the EU actually supports...

In March 2016, President of the European Commission Jean-Claude Juncker stated that it would take at least 20–25 years for Ukraine to join the EU and NATO

[bryant.coleman]

^^^^ EU in its current form is dominated by Germany and that was one of the reasons why the Brexit happened. Ordinary German citizens have a feeling that German tax money is being used to subsidize the Eastern European states. And this is the prime reason why the EU hasn't expanded for a while. Now including countries like Bosnia, Ukraine, Georgia, Macedonia, Moldovia.etc is supposedly on the "pipeline", but I am not expecting any real movement for the next 20 years at least. Turkey is on a higher priority compared to these countries, and despite the romantic relationship between Angela Merkel and Recep Tayyip Erdoğan, they haven't yet made it in to the EU.

[Vishnu.Reang]

But isn't the country have some unstable regions? If there is then probably it would scare the miners because last time that I've heard, they're against Russia in Crimea or Chechnya? Hope that Ukraine will be able to resolve this issues.

A few years back there was warfare in the eastern part of Ukraine, and close to 100,000 died there. A ceasefire was signed in 2014 and it is holding till now. But a large portion of the eastern part (Donbass) is still outside the authority of the Kiev regime. And the Crimean peninsula was annexed by Russia around that time. The case of Crimea is complex, because it used to be a part of Russia until 1954. Around 80% of the population is ethnic Russian. But for some unknown reason, the region was transferred to Ukraine in 1954.

[ven7net]

As far as I know, a few years earlier BTC could be bought or sold in Privat Bank, but then suddenly, this opportunity was removed. I do not know what it was connected with, but it is possible that there was simply a decline in the crypto market and there was a lot of negative news. As for the new laws on the adoption of cryptocurrencies in Ukraine, this is certainly all very good if it all works. Again, if these laws are adopted, then it is likely that the use of cryptocurrencies will only be in large cities, and the rest may remain out of work. But no matter how it was, I hope that these laws will still work in Ukraine and this will help many people earn money and stay afloat in this not very easy time.

[DrBeer]

But isn't the country have some unstable regions? If there is then probably it would scare the miners because last time that I've heard, they're against Russia in Crimea or Chechnya? Hope that Ukraine will be able to resolve this issues.

A few years back there was warfare in the eastern part of Ukraine, and close to 100,000 died there. A ceasefire was signed in 2014 and it is holding till now. But a large portion of the eastern part (Donbass) is still outside the authority of the Kiev regime. And the Crimean peninsula was annexed by Russia around that time. The case of Crimea is complex, because it used to be a part of Russia until 1954. Around 80% of the population is ethnic Russian. But for some unknown reason, the region was transferred to Ukraine in 1954.

If we talk about the losses on the part of Ukraine, about 15,000 people fell victim to the occupation by Russian terrorist forces and separatists.

About Crimea. Crimea belonged to Muscovy / Russia for some time, before that it belonged to Turkey for many centuries. In the USSR, until 1921, Crimea belonged to the UPR (Ukrainian People's Republic), after the occupation by the Red Army, the UPR and Crimea became part of the USSR. Crimea, like some other lands, for example the Kuban region, were transferred to the RSFSR (this is a republic that later became the Russian Federation, the Russian Soviet Federative Socialist Republic). By the time you specified, the RSFSR realized that they were not able to create anything on the territory of Crimea, neither from the point of view of the economy, nor agriculture, nothing, after which, at the highest level, a decision was made (I can even provide a copy of this document), transfer the Crimea to the Ukrainian SSR (Ukrainian Soviet Socialist Republic, one of the 15 republics "included" in the USSR, but in reality captured by the RSFSR). The explanations were logical - geographically, these two territories border, the RSFSR cannot implement anything there, the Ukrainian SSR has the best experience in land cultivation, plus there is the Dnieper River, whose waters can feed the arid Crimea. After that, Crimea was transferred to the Ukrainian SSR, and some other regions were "voluntarily" taken away from the Ukrainian SSR in favor of the RSFSR. After that, the Ukrainian SSR spent several decades investing its energy in the development of Crimea. It is very important: during the collapse of the USSR, the territory of Crimea was part of the Ukrainian SSR / Ukraine, which was recorded in all documents, and these borders were recognized by all republics, including the RSFSR / Russia. So the reasons are known, the story is simple ...

[ajochems]

first we have to know what kind of crypto that country will legalize. I am sure that even though they will legalize cryptocurrency, the people there will not be free to use digital currency to be used as a transaction tool because it can threaten their fiat currency. there have been many discourses of this kind before but the implementation is not in accordance with what we imagine. so we have to wait until the discourse is actually realized in order to really know how it will be implemented.

Many legalize country was their for now.When the  bitcoin was at the bottom,most people had not invested their money.When the price had raised to some good value.Many people had accepted bitcoin is like a stock market and they don't lose when they invested money in bitcoin.Then it was spread all over the world and shining the market.

[Sithara007]

If we talk about the losses on the part of Ukraine, about 15,000 people fell victim to the occupation by Russian terrorist forces and separatists.

There was a German source which claimed that the number of dead was much higher than the official source. Anyway, it looks as if Russia has achieved their objective. Most of the dead are ethnic Ukrainians (on both the sides), and now Ukraine is being regarded as a "conflict zone". An unresolved conflict in its territory complicates the entry of Ukraine to EU/NATO (the same strategy was used by Russia in other countries, such as Moldova and Georgia). Also, it serves as a warning to other ex-USSR countries such as Belarus and Kazakhstan.

[DrBeer]

If we talk about the losses on the part of Ukraine, about 15,000 people fell victim to the occupation by Russian terrorist forces and separatists.

There was a German source which claimed that the number of dead was much higher than the official source. Anyway, it looks as if Russia has achieved their objective. Most of the dead are ethnic Ukrainians (on both the sides), and now Ukraine is being regarded as a "conflict zone". An unresolved conflict in its territory complicates the entry of Ukraine to EU/NATO (the same strategy was used by Russia in other countries, such as Moldova and Georgia). Also, it serves as a warning to other ex-USSR countries such as Belarus and Kazakhstan.

And it seems logical to me that all the antics of the Kremlin terrorists (including the poisoning of people with chemical warfare agents, provocations and seizure of foreign territories, the abduction and torture of people, and much more) should show the world the real "face" of this terrorist state, and it is logical to expect, push to measures to limit terrorist or reduce to zero, actions on the part of Russia ...
Well, or tomorrow you will have explosions, terrorist attacks, seizure of "zones of interest of Russia" ... Russia will not stop in Ukraine ... Remember - you can stop a terrorist only by destroying him, there are no other options

But I hope that the world community will have enough strength, conscience and understanding to help Ukraine maintain its integrity, end this terrorist war, and become attractive for investments, including in the field of blockchain technologies.

[Lucius]

Now including countries like Bosnia, Ukraine, Georgia, Macedonia, Moldovia.etc is supposedly on the "pipeline", but I am not expecting any real movement for the next 20 years at least. Turkey is on a higher priority compared to these countries, and despite the romantic relationship between Angela Merkel and Recep Tayyip Erdoğan, they haven't yet made it in to the EU.

You have forgotten Serbia, Montenegro, and Kosovo as some of the candidates for the EU, and these are perhaps the highest priorities because Serbia outside the EU is increasingly falling under the influence of its Russian brothers, while pro-Serbian politics is in power in Montenegro, which together with Bosnia and Herzegovina, it is a real barrel of gunpowder that can explode at any moment.

Turkey is a completely different story, they want to join the EU without transforming into a European country - which in my opinion is a mission impossible given Turkey's worldview.

But I hope that the world community will have enough strength, conscience and understanding to help Ukraine maintain its integrity, end this terrorist war, and become attractive for investments, including in the field of blockchain technologies.

And I hope that the EU and the US will have an interest in putting Ukraine under their protection and helping it get on the right track. Although there will always be some higher interests at stake, because no matter how much the US and the EU are publicly against Russia, I am sure they will never risk any moves that would cause bad consequences for them.

At the end of the day, everyone is on their own - because when my country was bleeding under the attack of Serbian butchers in 1991, no one came to help, but we managed to defend ourselves - our Alamo was stand for 3 months, brave 1800 against 36 000 - 42 000 butchers.

[bryant.coleman]

You have forgotten Serbia, Montenegro, and Kosovo as some of the candidates for the EU, and these are perhaps the highest priorities because Serbia outside the EU is increasingly falling under the influence of its Russian brothers, while pro-Serbian politics is in power in Montenegro, which together with Bosnia and Herzegovina, it is a real barrel of gunpowder that can explode at any moment.

Turkey is a completely different story, they want to join the EU without transforming into a European country - which in my opinion is a mission impossible given Turkey's worldview.

I don't think that Serbia will be admitted in to the EU as long as they don't recognize Kosovo as a separate sovereign nation. And no regime in Serbia will be willing to do this, because the Kosovo issue is still very emotional for the local voters. One compromise deal would see the Serb inhabited Northern Kosovo swapped for the Muslim inhabited Presevo valley (currently a part of Serbia).

Demographic changes in Bosnia is working in the EU's direction, as the country recently became Muslim majority. A few weeks back, they passed a controversial law, which would make it a criminal offense for anyone to suggest that there was no genocide against Muslims during the civil war. Serbs oppose this law, because it claims that only Muslims were victimized during the civil war.