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
Do you want to go to New Zealand? Get ready for a digital search
What seemed absurd and impossible in Orwell’s utopias is now being realized in the modern world. At least, the vector of development of society is set in this direction. The state introduces total control in all spheres of life. A facial recognition system not only at airports, but also in Chinese schools, microchipping of employees, a genetic database of citizens on the blockchain, all these are the realities of today.
In Japan, the crypto industry has received the status of a self-regulatory industry
The Japanese Financial Services Authority (FSA) has delegated the powers to monitor and sanction the crypto industry to a group of 16 licensed crypto exchanges, which has been legally recognized as a self-regulatory body.
