The new DEFI platform enters the market! Earn passively - token sale 0.25 $ I'm going in!

Ukraine passes legislation to recognize and regulate crypto

3 min reading

The Ukrainian parliament approved the draft resolution “On virtual assets,” striving for the first time to legalise cryptocurrency in the country

Ukraine parliament recently adopted legislation regulating foreign and domestic cryptocurrency exchanges operating from within the country. The Ukrainian parliament adopted the draft law “On virtual assets” trying to introduce crypto for the first time in the country. The legislation is based on the existing standards are is created by the intergovernmental policy-making organization, Financial Action Task Force on Money Laundering (FATF). 

The Ukraine’s Ministry of Digital Transformation has been given the task to oversee the integration of the latest virtual asset regulation and guiding the industry’s growth, in connection with “International standards.” Anastasia Bratko of the Ministry of Digit al Transformation said the law lets companies to introduce virtual asset markets in Ukraine and it will allow banks to “open accounts for crypto companies.” 

“Ukrainians will also be able to declare their income in virtual assets,” she said, stating that the law “guarantees judicial protection of the rights to virtual asset owners.” A recent announcement from the ministry highlighted that “the country will receive additional tax revenues to the budget, which will be paid by crypto companies. The adopted norms establish rules for service providers related to the circulation of virtual assets and contribute to the market’s de-shadowing.” Virtual asset service providers (VASPs) “must have an impeccable business reputation” and will be required to reveal their ownership structure to identify their beneficial owners. 

Deputy minister of Digital Transformation of Ukraine, Oleksander Bornyakov, emphasised attributes contained in the legislation to attract “foreign exchange to the Ukrainian market, it will become a powerful incentive for the further development of the crypto-sphere in Ukraine. Banks will open accounts for them and conduct transactions with a new class of assets. I am sure that society, business and the state will benefit from the legalization of the new sector of the economy.”

Currency Exchange rate Buy cryptocurrency

The new DEFI platform enters the market! Earn passively - token sale 0.25 $

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.