Taxation of digital assets was a key area of discussion among attendees, with the consensus being an amendment of the existing Tax Code of Ukraine.
The digital hryvnia will effectively perform all the functions of money while “supplementing the cash and non-cash forms of the hryvnia,” according to the National Bank of Ukraine.
Digital asset transactions from Europe to Russia had been capped at $9,900, but the European Union says there was still some level of activity, necessitating the total ban.
The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on tightening rules on Russia, with chair Sherrod Brown (D-OH) referencing the need to enforce "economic sanctions."
Citizens are still permitted to invest in the market with their foreign currency, but they are restricted from spending more than UAH 100,000 (equivalent to $3,300) a month.
The IMF recently released a report that Russia might have found a way to evade international sanctions stating that block reward mining activities could be used to evade economic boycotts.
BSV developer Joshua Henslee is back with another video covering the larger implications of digital currencies, CBDCs, inflation, and much more.
Top government officials have pledged to revise the Foreign Exchange and Foreign Trade Act to ensure Russia doesn’t get a loophole to evade sanctions.
In this episode of CoinGeek Conversations, Yuriy Porytko and Adam Hawley explain how the NFT artwork functions as a keepsake for its owner and contains images that represent Ukraine, the resilience of its citizens and the spirit that guides Ukrainians.
The digital currency community is actively promoting its response to Russia’s invasion of Ukraine, despite suggestions that this response may have been based more on self-interested speculation than on selfless support for a democratic nation struggling to remain independent.
The “crypto bros” self-serving response to Russia’s war on Ukraine is providing all the ammunition regulators need to bring the hammer down on their laser-eyed heads.