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Ukraine's new crypto law could make it a trading hub. Some would rather it stayed in the shadows
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euronews.comFor years, cryptocurrency trading has been operating in the dark in Ukraine as no laws have defined what virtual tokens like Bitcoin are allowed to be used for. However, that is now set to change.
The Ukrainian parliament passed a law in September that will legalise and regulate the sector and restrict cryptocurrencies which will now be seen as non-monetary assets. Ultimately, it will make it possible for crypto businesses to trade and pay taxes legally.
The law - which is expected to pass again before the end of the year after being sent back to parliament for amends by President Volodymyr Zelenskyy - doesn’t allow for the use of crypto in exchange for goods and services.
Still, it will be the first step towards a crypto-inclusive future,
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