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

  • Yuri Molchan
    📰 News

    Ukraine still considering best regulation methods for crypto


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

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 has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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