Ukraine’s Ministry of Digital Transformation reported that after Zelenskyy’s signing, the transition from virtual assets to virtual assets became law. In Ukraine, crypto exchanges and firms dealing with digital assets will be required to register with the government to legally conduct business, and banks will be allowed to open accounts of crypto-related firms. The law empowers Ukraine’s National Securities and Stock Market Commission to formulate policies on digital assets, issue licenses to cryptocurrencies-related firms, and act as a financial regulator, the ministry said in a press release. has gone.
The Ministry of Finance is also working to amend Ukraine’s Tax and Civil Code to create a legal framework for digital assets. “We believe that the crypto industry will open new economic opportunities. We will do our best to take advantage of these opportunities as quickly as possible,” said Alex Bornyakov, deputy minister for IT industry development.
Ukraine has also launched a website for accepting donations in cryptocurrencies. It has partnered with crypto firms FTX and Everstake. Donations received through this site will go to the Central Bank of Ukraine. The facility of giving donation through non-fungible token (NFT) will also be added to this website later. On the “Aid for Ukraine” website, users can donate in 10 cryptocurrencies, including bitcoin and ether. Everstake, one of the largest crypto firms in Ukraine, will also add donations to other cryptocurrencies. The Bahamas exchange will convert the FTX donated funds into dollars and then send it to the National Bank of Ukraine. Ukraine’s cryptocurrency exchange Kuna also has a stake in this website.<!–
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