The Law “On Virtual Assets,” adopted by Ukrainian deputies early last month, was returned by the President for reconsideration.
Ukraine will not be able to implement the provisions of the adopted law regulating the legal cryptocurrency market due to a lack of budget funds. President, Vladimir Zelensky vetoed law and made its amendments for a second vote by deputies.
The law adopted on September 8 provides for the formation of a new department to regulate the legal circulation of virtual assets in the country. The creation of a new power structure involves the expenditure of public funds that are not provided for in the budget. The President invites deputies to vote for the transfer of the crypto industry to the control of the existing National Securities and Stock Market Commission, without creating a new special agency.
Subscribe to ForkNews in Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
The IMF again criticized the legalization of Bitcoin in El Salvador
In the report, El Salvador: 2021 Article IV Mission Staff Final Statement, the IMF praised El Salvador's efforts to promote "financial inclusion and growth" but criticized the tool the country's government is using to achieve this goal.
Where can you avoid paying taxes on cryptocurrency? Part 2. Asia
We tried to understand and systematize how regulators in Europe, Asia and the post-Soviet space approach the issue of selling, exchanging and mining digital coins.
