Ukraine passes new Bitcoin law

Team Luno
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1 minute read

  • Just one day after El Salvador’s rollout of bitcoin as legal tender, Ukraine has indicated that they could adopt their own crypto bill that will legalise the regulation of virtual finance assets.

 

  • Ukraine’s vice prime minister of digital transformation, Oleksandr Bornyakov, says the new law will develop a new industry and “attract transparent investments and will strengthen the image of our country as a high-tech state.”

 

  • “The adoption of specialised legislation is going to stimulate the attraction of foreign exchanges to the Ukrainian market.”

 

  • According to the Kyiv post, Ukraine plans to open cryptocurrency markets to businesses and investors by 2022.
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Team Luno

On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @LunoGlobal.

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