Crypto legal in Ukraine


Crypto legal in Ukraine

The Ukrainian parliament supports at last reading the proposal to make virtual currencies a legal asset class. At the same time, crypto exchanges are being legalized. Permits will be granted by the Securities Commission. Therefore, a new regulatory body will not be established, as proposed in the original wording of the law 

Until now, they operated in the gray zone of the Ukrainian economy. Tax regulations are now being prepared for the virtual asset market. 

According to the 2021 Global Crypto Adoption Index by Blockchain Analytics, Ukraine was the fourth largest crypt in the world. The American New York Times claims that there is a higher daily volume of trade in cryptocurrencies than in the national currency. 

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