Arrests of Bitcoin Miners in Ukraine Spark Questions About Legality !!!

in news •  7 years ago 

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A recent crackdown on a Bitcoin mining firm in a state-owned, empty Swimming Pool in Ukraine raises questions about the validity of Cryptocurrence in the country. After the incident, the Ukrainian central bank immediately released a statement about the control and legal status of Bitcoin.

Mining firm expedition; Mine arrest

According to local publications, Ukrainian National Police arrested several suspects for illegal mining bitkayane last week. 200 computers were installed for cryptoconference in an adjoining swimming pool at a state-owned entertainment center in the Patton Electric Welding Institute located in the capital of Kiev and the largest city of Kiev.

Last week, according to the judgment of the Soviet Council District Court of Kiev issued an arrest warrant that Bitcoin has been illegally excavated, with other violations of the Ukrainian law. Therefore, the Court allows Ukraine's Security Services (SBU) to search and prevent items and docs related to mining operations, inshthv.v. According to

The court said that suspects had no access to the swimming pool used in state owned premises. They have violated the laws of the National Bank of Ukraine (NBU) and have grabbed documents to sell "blasphemy" and to blame, "Kvipast details.

Questions about Bitcoin Legality

According to the Ukrainian Central Bank NBU, "Kyivpost conveyed," only one national currency, the Republic of Kenya, and any other currency or alternative currency issue or can not be used to pay for Ukraine ". However, the law does not specify what any "alternative currency" is, publication mentioned.

Back in 2014, NBU warned about Bitcoin and Ukraine's use. National Bank Cryptogurgeni considers "a meaning, which does not have any value, and in the territory of Ukraine between the territory of Ukraine, the territory of Ukraine can not be used in the territory of Ukraine between individuals and legal bodies."

However, the content was interviewed by Inshe.tv and they all agreed that cryptocurrency mining in Ukraine is not illegal. Artem Afan, a managing director of Yaskum Law Farm Farm, said, "Ukraine is absolutely legal in the mining," he also said:

The national bank's arguments are that cryptocurrency is only a warning of an unsafe 'meaning sweep'. It does not mean forbidden to use them
Central Bank's Response
A day after the news of the news paper on the mine farm in Ukraine, NBU issued a statement, "Currently there is no specific legal status of Bitcoin Ukraine." The central bank further mentions that "such a situation in Ukraine is lacking in a consolidated approach to classifying and managing the complex world-wide bitcoin," he added.

In different countries, Bitcoin is classified in various ways - such as virtual currency, moneylender, priceless value, virtual goods and the like. For its part, NBU has not officially supported any of the aforementioned definitions.
Meanwhile, NB has started negotiations with Bitcoin's legal status and other relevant government agencies such as the Ministry of Finance. "The problem will be considered before the end of August, financial stability will be considered in the next meeting of the board," the central bank announced

What do you think about Ukraine's National Bank Bitcoin? Please let us know in the comments section below.

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Please post source of the news article when posting news. Thanks!

Thanks @molivil