Auto Added by WPeMatico
Draft laws employing alternative approaches to regulating digital currencies have been introduced in Ukraine and Russia. In Kiev, a bill that classifies cryptocurrency as an asset, unit of exchange and store of value has been filed in the Rada and it’s supported by both deputies and representatives of the industry. In Moscow, the managers of […]
The post Alternative Crypto Bills Presented in Ukraine and Russia appeared first on Bitcoin News.
Powered by WPeMatico
In the absence of dedicated regulation, Ukrainians are expected to pay the regular 19.5% income tax rate on their profits from crypto-related activities like trading and mining, a high-ranking official from the Finance Ministry in Kiev explained. Crypto investors are free to report their digital funds as either property or financial assets. Also read: Uzbekistan […]
The post Ukrainians Advised to Pay 19.5% Tax on Crypto Incomes appeared first on Bitcoin News.
Powered by WPeMatico
Bessarabsky market, a landmark of Ukraine’s capital, is introducing crypto payments. Fruits and vegetables are already sold for a number of cryptocurrencies including bitcoin cash (BCH). The initiative to offer the alternative payment option aims to show how simple it is to use cryptocurrency in everyday life. Also read: New Bill Clarifies Crypto Taxation […]
The post Kiev’s Bessarabsky Market Accepts Cryptocurrencies for Groceries appeared first on Bitcoin News.
Powered by WPeMatico
A draft law prepared by deputies and representatives of the industry aims to introduce light taxation of crypto incomes in Ukraine. Businesses and individuals will be required to pay 5% on their profits from trading and mining cryptocurrencies when exchanged to fiat. Add to that the mandatory ‘military charge’ of 1.5% all Ukrainians owe the […]
The post New Bill Proposes 5% Tax on Crypto Incomes in Ukraine appeared first on Bitcoin News.
Powered by WPeMatico
Ukraine has taken a positive step towards legalizing cryptocurrencies. A new regulatory concept, one that recognizes coins and tokens as financial instruments, has won support from the members of the country’s Financial Stability Council. The body includes representatives of the National Bank, the Finance Ministry and other government agencies. Also read: Minsk Mulls Rules for […]
The post Ukraine’s Financial Stability Council Supports Crypto Regulatory Concept appeared first on Bitcoin News.
Powered by WPeMatico
The team of a young Ukrainian crypto company has made an effort to collect some interesting data about what happened with their tokens after the sale. It turns out investors from developing countries are inclined to sell the coins within months after their listing, while buyers from developed nations tend to hold them longer. Also […]
The post The Poor Flip, the Rich Hodl, Startup Finds Out Tracing Its Tokens appeared first on Bitcoin News.
Powered by WPeMatico
Companies mining cryptocurrencies are not required to obtain a license, the Ukrainian state agency responsible for licensing regimes said this week. The annual revenue generated by the Ukrainian crypto mining industry amounts to over $100 million, according to recently published data. The country remains attractive to miners while mining costs in many other corners of […]
The post No License Needed to Mine Cryptocurrencies in Ukraine appeared first on Bitcoin News.
Powered by WPeMatico
The cybercrime combating unit of the Ukrainian police has uncovered a network of fraudulent crypto trading websites. Four people are suspected of offering the fake online exchange services. They have maintained at least six platforms luring cryptocurrency traders with deceptive messages. Also read: Survey: 13% of Net-Savvy Ukrainians Own Cryptocurrencies Police on the Lookout for More […]
The post Six Fake Crypto Exchange Sites Busted by Ukraine’s Cyberpolice appeared first on Bitcoin News.
Powered by WPeMatico
Ukrainians are increasingly aware of cryptocurrencies, and 13 percent of those using the Internet own digital coins, according to a new survey. The total of the daily turnover on the three leading cryptocurrency exchanges in the country currently reaches $2 million USD. Also read: Ukrainian Companies Mint 25 Coins, Raise $132 Million Majority of […]
The post Survey: 13% of Net-Savvy Ukrainians Own Cryptocurrencies appeared first on Bitcoin News.
Powered by WPeMatico
An initiative to erect a monument of Satoshi Nakamoto in Ukraine’s capital is gaining momentum and support. The idea is to place the statue right where the red Karelian stone figure of Lenin used to stand, before it was taken down almost five years ago. The project is said to be part of a global […]
The post Project to Build Satoshi Statue Gains Support in Kiev appeared first on Bitcoin News.
Powered by WPeMatico