Tag: Ukraine Virtual Assets Law

Ukraine has passed a law to legalise cryptocurrency in the country amid their high-tension confrontation with the Russian army against the invasion of their country. The bill to create a legal framework for the cryptocurrency industry in Ukraine was adopted last month in their parliament. President Volodymyr Zelenskyy signed it into law on March 16. This law will enable Ukrainian and foreign cryptocurrencies to exchange legally and allow crypto companies to open their bank accounts, according to Ukraine's digital transformation ministry. It determines the ownership, classification and legal status of virtual assets. “From now on, foreign and Ukrainian cryptocurrencies exchanges will operate legally and banks will open accounts for crypto companies. It is an important step towards...