The cryptocurrency environment in the ex-Soviet state is somewhat confusing, as of the moment, since digital tokens are neither legal nor prohibited. While Ukrainians cannot use bitcoin or the altcoins as payment options for goods or services, traders and investors can buy and sell them on exchanges within the country.
Last month, though, the local parliament passed a bill that could legitimize and regulate digital assets within Ukraine’s borders. Once approved by President Volodymyr Zelensky, the new legislation will offer protection to investors and trading venues from fraud.
Mykhailo Fedorov – Minister of Digital Transformation – highlighted the popularity of the asset class among the Ukrainian population. He raised hopes that the Eastern European nation could become one of those where it has legal status.
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