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.
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