RATE Group | Binance to assist Ukraine to potentially legalize cryptocurrencies
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Binance to assist Ukraine to potentially legalize cryptocurrencies

08 Nov Binance to assist Ukraine to potentially legalize cryptocurrencies

Posted at 06:15h in Cryptocurrency News by

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  • Binance signed an MoU with the Digital Transformation Ministry of Ukraine.
  • Binance will assist in developing “transparent and effective mechanisms” for digital asset transfer 

Binance recently announced that the company has signed a memorandum of understanding (MoU) with the Digital Transformation Ministry of Ukraine. They will jointly work together to establish “the potential legal status of virtual assets and currencies in the country.” In the company’s official blogpost, Binance stated that it will assist with the development of “transparent and effective mechanisms for the transfer of rights to any virtual assets or currencies using blockchain technology as well as beneficial conditions for investments and business in Ukraine.”

Mykhailo Fedorov, Ukraine’s Vice Prime Minister and the Minister of Digital Transformation, spoke on the matter saying:

At last, Ukraine is finally in a situation where the executive, legislative authorities and market have…

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