Ukraine should either determine status of cryptocurrency or ban it – cyber police

Ukraine should either determine status of cryptocurrency or ban it – cyber police

If the authorities fail to define the status of cryptocurrency in Ukraine in the near future, they should officially prohibit its turnover.

Chief of the Cyber ​​Police Department of the National Police of Ukraine Serhiy Demediuk said this on January 29, the department’s press service reports.

"A need has arisen to settle as soon as possible the issues related to the use of cryptocurrency, as well as imposition of taxes on the cryptocurrency purchase or sale. In addition, it is necessary to determine the appropriate rules of functioning of Ukrainian cryptocurrency exchanges and exchange points," Demediuk said.

According to him, the use of cryptocurrency in Ukraine is quite an urgent issue. It is specified that since the turnover and status of cryptocurrency are not defined in Ukraine, the cybercriminals actively use cryptocurrency to anonymize their criminal actions. At the same time, citizens often become victims of cryptocurrency scams, having no protection of law enforcement agencies.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: