According to a new bill passed by the Ukrainian parliament, all crypto assets will be treated legally. The bill was passed with 272 votes “for” and it will significantly ease the usage and distribution of cryptocurrency products in Ukraine.
According to authorities, that will allow various businesses to operate legally where before they existed in what was considered a gray area, and open the door to many startups, both domestic and international.
The new law will also lead to a new regulatory framework for major crypto assets like Bitcoin. Currently, according to the Law on Virtual Assets, cryptos are overseen by the National Commission on Securities and Stock Market.
However, even with the new laws, Bitcoin is not actually a legal tender in the country.
Source
Personally, I also think that this sudden legalization also had a lot to do with the difficult situation in Ukraine.
According to authorities, that will allow various businesses to operate legally where before they existed in what was considered a gray area, and open the door to many startups, both domestic and international.
The new law will also lead to a new regulatory framework for major crypto assets like Bitcoin. Currently, according to the Law on Virtual Assets, cryptos are overseen by the National Commission on Securities and Stock Market.
However, even with the new laws, Bitcoin is not actually a legal tender in the country.
Source
Personally, I also think that this sudden legalization also had a lot to do with the difficult situation in Ukraine.
