A month ago, Ukraine’s parliament passed a bill to legalize cryptocurrency, preparing a framework for the regulation and management of cryptocurrencies like Bitcoin and Ethereum. Today, the country’s president, Volodymyr Zelenskyy, signed into law that bill, named “On Virtual Assets,” which establishes a legal framework for the country to operate a regulated crypto market.
According to reports coming out of Cointelegraph, Coindesk and other digital asset-focused outlets, crypto exchanges and firms handling digital assets will now be required to register with the government to operate legally in Ukraine, and banks will be allowed to open accounts for crypto firms.
The law also reportedly empowers Ukraine’s National Securities and Stock Market Commission with the ability to determine the country’s policies on digital assets, issue licenses to businesses dealing with crypto, and act as a financial watchdog. (Indeed, Ukraine’s parliament …
