President of Ukraine Vladimir Zelensky signed the law “On Virtual Assets”, which regulates the circulation of cryptocurrencies in the country.
The document describes the algorithm for the legal operation of Bitcoin exchanges in Ukraine. Banks will have the opportunity to open accounts for cryptocurrency companies.
Cryptocurrency holders are guaranteed judicial protection of their rights.
The functions of the regulator will be distributed between the NBU and the National Securities and Stock Market Commission (NCSM).
The law will come into force after the adoption of changes to the tax code.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Estonia has issued more than 900 licenses to crypto companies
Estonia has become one of the most loyal jurisdictions for the crypto industry in the European Union. The country has already issued more than 900 licenses for conducting cryptocurrency business.
Crypto ATMs were seized from a Russian company at the request of the Central Bank
Last week, on August 31, all crypto ATMs belonging to the company BBFpro were seized by the police without explanation.
