Ukraine passes new Bitcoin law

  • Just one day after El Salvador’s rollout of bitcoin as legal tender, Ukraine has indicated that they could adopt their own crypto bill that will legalise the regulation of virtual finance assets.
  • Ukraine’s vice prime minister of digital transformation, Oleksandr Bornyakov, says the new law will develop a new industry and “attract transparent investments and will strengthen the image of our country as a high-tech state.”
  • “The adoption of specialised legislation is going to stimulate the attraction of foreign exchanges to the Ukrainian market.”
  • According to the Kyiv post, Ukraine plans to open cryptocurrency markets to businesses and investors by 2022.
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