Ukraine legalizes digital currencies as it prunes market regulators
The Ukrainian parliament has passed a bill giving digital currencies legal status after months of debate and has also reduced the number of market regulators by one.
The Ukrainian parliament has passed a bill giving digital currencies legal status after months of debate and has also reduced the number of market regulators by one.
The main concern of the office of the president was the establishment of a new agency to oversee digital currency regulation, which it suggested could be expensive.
The Ukrainian parliament has passed a law that recognizes and regulates digital currencies, with the Ministry of Digital Transformation given jurisdiction over the sector.
A draft bill in Ukraine has proposed a 5% tax on crypto earnings for the first five years, with no VAT