Ukraine Regulates BTC, Gives Crypto an Official Green Light.
13 Sep 2021, 08:00
Ukraine Regulates BTC, Gives Crypto an Official Green Light
Ukraine is now the latest country in the world to legalize and regulate bitcoin and cryptocurrency. Up until this point, the world’s number one digital asset has existed in something of a gray space within the country’s borders, but now it looks like the nation is moving forward with BTC use, suggesting that the asset is becoming far more mainstream and legitimate.
Ukraine Says “Yes” to CryptoThe Parliament of Ukraine voted unanimously to not only permit bitcoin activity, but to implement the appropriate regulations to ensure malicious activity doesn’t bring the country down. The bill was first introduced in the year 2020, and now it looks like administrators have moved forward in making it law.
Until the passing of the bill, individuals could potentially trade and invest in cryptocurrencies, though any companies that worked or delved in blockchain and digital assets wound up getting the stink eye from the Ukrainian government. They were put under very close scrutiny and were made to feel rather unwelcome.