Ukraine Strengthens its Positions by Legalizing Bitcoin

Ukraine’s President Volodymyr Zelenskyy has signed off on a new law that will bring cryptoassets under a legal umbrella – and allow national market regulators to police the sector. The move will pave the way for the country to begin taxing crypto

Prior to the outbreak of war, Ukraine had been hoping to regulate the sector, and its national power operator had been working on plans to allow crypto miners greater access to its nuclear energy resources

The work on the act had mainly been carried out by the Ministry of Digital Transformation, but the finance ministry and Zelenskyy himself had also been keen to make key amendments, including the creation of policy-forming bodies and the determination of which government organs would police the industry.--

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