Cryptocurrency has been officially legalized in Ukraine. Ukrainian President Volodymyr Zelensky has signed a new bill. And with this bill, cryptocurrency transactions have been legalized in the country. News Engadget.
According to the report, the bill was approved by the Ukrainian parliament in February. The bill says it will introduce a legitimate market for virtual assets in the country.
However, there is another reason behind the legitimacy of cryptocurrency. Ukraine has received millions of dollars in cryptocurrencies since the start of the Russian invasion. Granted cryptocurrencies will be easier to use if this currency, considered controversial and considered a mainstream alternative, is legalized.
It is learned that under the new bill, Ukrainian banks will be able to open accounts of crypto companies. The country’s National Bank of Ukraine and the National Commission on Securities and Stock Markets will oversee the cryptocurrency sector.