Ukraine is Now the Fifth Country to Legalize and Regulate Cryptocurrencies


The country plans to open the cryptocurrency market to businesses and investors by 2022 according to Kyiv Post. On an official state visit to the U.S. last month, Zelenskyy spoke of Ukraine’s budding “legal innovative market for virtual assets” as a selling point for investment. 

Meanwhile, the Minister of Digital Transformation Mykhailo Fedorov said the country was modernizing its payment market so that its National Bank would be able to issue digital 

“Ukraine’s improved legal status for bitcoin is a laudable symbolic measure that we progress towards a world that respects individual rights universally,” said Rubin, CEO of bitcoin R&D lab Judica. “But it is only symbolic — bitcoin seeks neither permission nor forgiveness in its mission to protect persecuted communities from unjust governments.”

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