Ukraine to Regulate Crypto as Financial Tool, Turning Country Into Crypto Hub

News
Wed, 08/15/2018 - 12:51
Yuri Molchan
Ukraine still considering best regulation methods for crypto
Cover image via U.Today

The local regulator’s team plans to submit the necessary draft law for the Parliament to consider by late 2018 or the start of next year.

The head of the state financial regulator calls virtual money a financial instrument, a store of value but does not believe it should be made a legal means of payment. He also believes that the government will turn Kiev into a large crypto market, like that of Switzerland and Malta, thus creating good conditions for crypto and Blockchain startups.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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