The information was disclosed in an official statement by the Ministry and Committee for Digital Transformation of Ukraine, this Wednesday, March 16.
The approval occurs in the context of the flow of donations in bitcoin, ether and other cryptocurrencies that the Ukrainian government is receiving to face the armed attack launched by Russia on its territory.
The Law on Virtual Assets had been approved by the Verkhovna Rada of Ukraine, the Ukrainian parliament, on February 17, just a few weeks before the Russians began an invasion of the country.
According to the statement, the Law creates the legal conditions for the launch of a legal market of virtual assets in Ukraine, which will be regulated by the National Securities Market Commission and the Central Bank of Ukraine.
Beyond granting a legal character to the use and ownership of Bitcoin and other cryptocurrencies, the law will offer the conditions to classify and regulate the market, as well as to create monitoring mechanisms for the sector. The measures include the creation of a registry of service providers with cryptocurrencies.
Currently, the Ministry of Finance is also actively working to amend the Tax and Civil Codes of Ukraine to fully launch the virtual asset market, the statement said.
Donations in cryptocurrencies already exceed USD 80 million
According to data from the Slowmist monitoring page, donations received in Ukraine-related cryptocurrency wallets reach about $80.5 million at current prices. The registry reflects donations in 11 different cryptocurrencies.
Loading
Comments