Waivly

Share this post
Ukraine signs virtual assets bill to legalize crypto
www.waivly.com
Crypto

Ukraine signs virtual assets bill to legalize crypto

Will be regulated by NSSMC

Mar 16
Comment
Share
Ukraine president confirms attendance at Munich conference amid war jitters  | Reuters

Ukrainian President Volodymyr Zelenskyy has signed a law to legalize cryptocurrency in the country.

⠀

In a statement, Ukraine’s Ministry of Digital Transformation first announced that President Zelensky signed a law "On Virtual Assets," which enables conditions for the launch of a regulated crypto market in the country.

⠀

Before yesterday, cryptocurrency was not illegal in Ukraine, but the new law determines the legal status, classification, ownership, and regulators of virtual assets, as well as setting registration requirements for crypto services providers.

⠀

The National Securities and Stock Market Commission will be in charge of regulating the new market, as it now has the power to determine the country’s policies on digital assets and issue licenses to virtual asset providers, such as exchanges.

⠀

Ukraine has received nearly $100 million in cryptocurrency donations in Bitcoin, Ethereum Solana, Polkadot, and even Dogecoin, allowing the country to not run out of critical supplies while fighting off the Russian invasion.

⠀
For more from us at Waivly, join our free fun-to-read and to-the-point newsletter enjoyed by hundreds of people across the internet every day of the week 👇

CommentComment
ShareShare

Create your profile

0 subscriptions will be displayed on your profile (edit)

Skip for now

Only paid subscribers can comment on this post

Already a paid subscriber? Sign in

Check your email

For your security, we need to re-authenticate you.

Click the link we sent to , or click here to sign in.

TopNewCommunity

No posts

Ready for more?

© 2022 Waivly
Privacy ∙ Terms ∙ Collection notice
Publish on Substack Get the app
Substack is the home for great writing