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Ukrainian Parliament Adopts Amended Virtual Assets Law
18.2.2022
Ukrainian lawmakers have approved an updated version of legislation tailored to regulate the country’s crypto economy. The bill, which was first passed last year, was later returned to the legislature by President Volodymyr Zelensky who requested some changes. Majority of Ukrainian Deputies...
Ukraine President Zelensky Returns Law ‘On Virtual Assets’ to Parliament
7.10.2021
The Ukrainian president has sent the recently adopted law “On Virtual Assets” back to the Verkhovna Rada, the country’s legislature. The head of state has come up with his own suggestions and opposed the establishment of a new regulatory body that would require additional...
Mining Is Not Banned in Ukraine and Does Not Require Licensing, Key Crypto Advisor Says
13.9.2021
The regulatory status of cryptocurrency mining remains somewhat undetermined in Ukraine, even after the recent adoption of the law “On Virtual Assets.” However, albeit unregulated, the minting of digital coins isn’t prohibited either, according to a leading advisor on crypto...
Ukraine Adopts Law ‘On Virtual Assets’ to Regulate Crypto Market
9.9.2021
The parliament in Kyiv has passed legislation determining the rules for crypto-related operations in Ukraine. The law “On Virtual Assets” recognizes cryptocurrencies as intangible goods while denying them the status of legal tender. It also regulates the activities and obligations...
Ukraine to Bring Crypto into Legal Sphere after ‘Legalization’ Bill Passes
9.9.2021
ill was first introduced in the Verkhovna Rada in June 2020 after around a year of formulation by the Ministry of Digital Transformation. It passed its first reading shortly after, but was sent back to the committee stage for a number of key revisions.The ministry has spoken about bringin
Revised Bill ‘On Virtual Assets’ Aims to Regulate Ukraine’s Crypto Space This Summer
20.6.2021
The Ukrainian parliament has released an updated version of the draft law “On Virtual Assets.” The revised bill requires exchanges to obtain government authorization, disclose their ownership and implement mandatory KYC procedures. The document has been criticized by regulators in Kyiv...
New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments
9.12.2019
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight...