Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky

The new administration in Kiev, headed by the young president Volodymyr Zelensky, has brought renewed interest in cryptocurrencies. Fresh energy is now being injected into efforts to legalize decentralized digital money and regulate related economic activities. New draft laws have been proposed or are under preparation to accommodate the nascent industry, from which the Ukrainian government expects increased budget revenues.

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Push to Regulate the Crypto Industry Intensifies

Ukraine’s Ministry of Digital Transformation plans to legalize cryptocurrencies such as bitcoin cash (BCH) and bitcoin core (BTC). Тhe initiative to accomplish this comes directly from its current head, Mikhail Fedorov, local media reported recently, quoting his deputy and IT entrepreneur Alexander Bornyakov. The ministry is already working on a new bill that should be ready by the end of the year and preparing amendments to the…