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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 passes legislation to recognize and regulate crypto
9.9.2021
Ukraine is hoping its new digital asset regulations will attract foreign crypto exchanges to set up shop in the Eastern European nation
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
Crypto Market Is ‘Development Vector’ of Nation’s Digital Economy, Ukraine President Says
8.9.2021
President of Ukraine Volodymyr Zelensky has highlighted the importance of launching a legal digital assets market in his country during a working visit to the U.S. The Ukrainian head of state met with top investors including from the cryptocurrency industry. President Zelensky Highlights Importance...
First Stop: Ukraine! AppleB Starts a Meetup Week
1.9.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Just in a matter of months after its launch, the cryptocurrency community AppleB started development of an income-generating ad app and launched two fundraisers, one for an Olympic athlete and another to help...
Ukrainian ministry considering digital currency pilot for staff salaries
18.8.2021
Paying ministry employees in e-hryvnia could be a suitable first pilot for the central bank digital currency currently in development
Ukraine’s Digital Ministry Plans to Pay Employees With Digital Hryvnia in Pilot Project
18.8.2021
Employees of Ukraine’s Ministry of Digital Transformation may become the first in the country to get their salaries in digital currency. The National Bank of Ukraine is developing an electronic version of the Ukrainian hryvnia and the ministry is considering the option of using...
Ukraine's state security shuts down illegal crypto exchanges
13.8.2021
Ukrainian authorities say the crypto exchanges were involved in money laundering and other illicit financial activities
Ukraine Shuts Down Crypto Exchangers Sending Money to Russian Wallets
12.8.2021
The Security Service of Ukraine (SBU) has closed down a number of “underground” crypto exchangers in Kyiv. Officials say the platforms have been making a million dollars in monthly turnover and allegedly sending money to digital wallets operated by Russian payment providers....
Ukraine Might Allow Indirect Crypto Pay, Will Regulate Exchanges
9.8.2021
Ukraine could be set to allow its citizens to “protect their wealth” in cryptoassets, a minister has claimed – but will move to block direct crypto-powered payments and will regulate exchange in line with “international” guidelines.
In an interview with Minfin, Oleksandr Bornyakov, the Deputy...
Ukrainians to Trade and Spend Cryptocurrencies Legally, Digital Ministry Says
8.8.2021
Residents of Ukraine will be able to legally keep, exchange, and spend cryptocurrencies once the new virtual assets law is adopted. The legislation will comprehensively regulate the crypto space, possibly lower taxes for Ukrainians and create conditions for new services, a government official...
New bill in Ukraine to allow payments in cryptocurrency, says official
6.8.2021
The deputy minister of Ukraine’s Ministry of Digital Transformation believes that crypto payments will be allowed in Ukraine similarly to payments deriving from the U.S. dollar
Ukrainian President Signs Law Opening Door for Digital Hryvnia, Regulatory Sandbox
1.8.2021
President Volodymyr Zelensky has signed a law that will allow the National Bank of Ukraine to issue its own digital currency. The new legislation, which aligns Ukrainian regulations with EU rules, will also stiffen authentication requirements for clients of payment service providers....
Ukraine central bank now officially allowed to issue digital currency
30.7.2021
Ukraine’s newly-signed law titled “On Payment Services” requires close cooperation between the National Bank of Ukraine and private startups in the payment market
Ukraine Unveils Roadmap to Integrate Cryptocurrencies by 2024
23.7.2021
Government and business representatives have produced a roadmap to transform Ukraine into a leader in cryptocurrency integration. The authors of the new strategy want to see half of Ukrainians using digital currencies by 2024. The East European nation is expected to regulate its crypto space by...
Seized PS4 consoles in Ukraine used for FIFA accounts, not crypto mining
19.7.2021
The gaming hardware confiscated by the Ukrainian police was being used to create in-game currency and not for farming cryptocurrency
Ukraine’s ‘Largest Illegal’ Mining Facility May Have Been a FIFA Bot Farm
18.7.2021
A data center busted by Ukrainian law enforcement this month for suspected electricity theft may have had a purpose different from mining cryptocurrencies. Ukraine’s security service described the facility as the “largest underground crypto farm” found to date but media reports...
Bingbon Adds Ruble, Hryvnia, and Tenge Support in Bid to Expand Geographical Presence
15.7.2021
A tie-up between payment processor Advcash and Bingbon will help the social cryptocurrency trading exchange extend its services to Ukraine, Kazakhstan, and Russia through a newly introduced fiat on and off-ramp. Eastern European Fiat Support Echoes Regional Crypto Adoption Outside of North America...
Ukrainian police seize 3,800 PS4 consoles used for illegal crypto mining
12.7.2021
Miners used an empty warehouse of an electricity supply company to plug into the grid and mine crypto on a variety of devices, including gaming consoles
Survey: Financial Sector Wants Ukraine’s CBDC to Facilitate Transactions in the Crypto Market
11.7.2021
A survey conducted among financial professionals has indicated that the industry wants Ukraine’s future digital currency to be used as a tool in the crypto space. The financial sector also favors a blockchain design for the e-hryvnia that would allow peer-to-peer transfers and fuel...