Ukraine among top three countries in terms of virtual assets’ use

Ukraine among top three countries in terms of virtual assets’ use

Ukrinform
Ukraine has entered the top three countries in terms of virtual assets’ use.

Deputy Prime Minister - Minister of Digital Transformation Mykhailo Fedorov said this in a Telegram post, Ukrinform reports.

According to Fedorov, these are the finding of a latest study published today by the blockchain analysis firm Chainalysis.

The team of the Digital Transformation Ministry works a lot on the development and legalization of the crypto industry in Ukraine.

"We developed a relevant law ‘On Virtual Assets’, which was signed by the President in March," Fedorov noted.

According to him, together with Ukraine’s National Securities and Stock Market Commission of Ukraine, the Ministry of Digital Transformation is continuing work on a bill amending the Tax Code of Ukraine to define the taxation of transactions with virtual assets.

"We want to create the most favorable conditions for the development of crypto business in Ukraine. So that global crypto companies can legally enter Ukraine and do business using the banking system. And Ukrainians can declare and protect their income in virtual assets," Fedorov stressed.

As Ukrinform reported, since the beginning of the war, Ukrainians opened more than 50,000 new businesses.

While citing and using any materials on the Internet, links to the website ukrinform.net 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 ukrinform.net and the website of a foreign media outlet. Materials marked as "Advertisement" or with a disclaimer reading "The material has been posted in accordance with Part 3 of Article 9 of the Law of Ukraine "On Advertising" No. 270/96-VR of July 3, 1996 and the Law of Ukraine "On the Media" No. 2849-Х of March 31, 2023 and on the basis of an agreement/invoice.

© 2015-2024 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-