After months of deliberation and a presidential veto, the 'virtual assets' bill is finally set to become law in Ukraine.
Ukraine’s Crypto Legalization Bill Set Go Live: ReportAfter months of deliberation and a presidential veto, the “virtual assets” bill is finally set to become law in Ukraine.
On Tuesday, Ukraine’s Parliament reportedly approved an amended bill on cryptocurrencies. The move is a continuation of the country’s effort to attract crypto investment and know-how. The new bill incorporated the amendments proposed by President Zelensky, who sent it back to the Parliament in October.
The new law would allow Ukrainians to report income from digital assets, the Ministry of Digital Transformation“Ukrainian Parliament, in accordance with the President’s proposals, adopted the Law “On Virtual Assets”. This means that Ukrainians will be able to declare their income in virtual assets, banks will open accounts for crypto companies and Ukrainian crypto exchanges will work legally.
“Ukraine is already in the top-5 countries on cryptocurrency usage. Today we made one more step forward: Parliament adopted the law on virtual assets! This will legalize crypto exchangers and cryptocurrencies, and Ukrainians could protect their assets from possible abuse or fraud.”
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