Pexels.com/Mathias P.R. Reding
Main page News, Ukraine, Crypto Market, Regulations

Ukrainian President Volodymyr Zelensky has signed a law "On Virtual Assets" giving the local cryptocurrency market green light. The law describes that the National Bank of Ukraine and the country's National Commission on Securities and Stock Market will act as market's regulatory bodies.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

According to the Ministry of Digital Transformation, the law also determines the legal status and registration requirements for crypto services providers. From now on foreign and Ukrainian cryptocurrencies exchanges will operate legally and banks will open accounts for crypto companies, the ministry added.

Kraken to Make $10M Airdrop to Users in Ukraine

However, the Ministry of Finance is yet to define amendments to the country's tax and civil codes to fully prepare the local finance market for cryptocurrencies. The Ukrainian parliament first adopted the draft law "On virtual assets" in September last year. Cryptocurrencies, according to the law, are recognized as an intangible benefit.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.