Ukraine President signs law for legalizing and regulating Cryptocurrencies !

in hive-175254 •  3 years ago 

Before i start writing today's article i want to take sometime and send my condolences to the family who lost their loved ones in Ukraine Russia ongoing conflict.

Ukraine has recieved approx $100 million of donation in cryto. They started receiving donation in cryto from the month of February since 26th. I feel proud to be part of this cryto world where people have came together to help Ukraine.

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They were accepting bitcoin , Ethereum , polkadot , solana , dogecoin , and usdt ( trx network ). A good news comes in today for people of Ukraine as their President signs law today and make them official that were introduced last month on 17th February.

The law focuses on legalizing and regulating Cryptocurrencies ( Crypto asset s ) in the country. Though Crypto was not considered illegal before this law as well but as this law is introduced cryto is now a legal asset in Ukraine.

There is much more that we will know in future as this is all i know for now but hopefully more info will be out soon. For now i hope people of Ukraine get relief from this ongoing conflict.

Peace for the people of Ukraine.

Thank you

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Hello friend

In times of war for that country they approve a law regarding cryptocurrencies, now they can receive benefits by this means, both the state and people who live in that country and have become unemployed.

I will look for the news really interests me, I also have some doubts about the figure in which they approved the currency as such in the country, interesting publication.

Dear @kamranrkploy

It has been a while since I read any of your publication. As usual - solid read (upvote on the way).

I must admit, that I haven't heard about this news. Quite a strange time to sign similar laws. I'm not sure if it does change much. Somehow I cannot imagine tax office or any other ukrainian goverment entity to go after people who receive crypto donations in current difficult times.

Anyway, this surely is an interesting development. Thanks for sharing.

but as this law is introduced cryto is now a legal asset in Ukraine.

So it's just a legal asset? Not a legal tender? That's still a massive difference. Wouldn't you agree?

ps. Enjoy your weekend buddy :)
Cheers, Piotr