Verkhovna Rada – DIGIT INFO

Ukrainian Parliament Adopts Amended Virtual Assets Law

DIGIT — Fri, 18 Feb 2022 11:00:24 +0000

Ukrainian lawmakers have approved an updated version of legislation tailored to regulate the country’s crypto economy. The bill, which was first passed last year, was later returned to the legislature by President Volodymyr Zelensky who requested some changes. Majority of Ukrainian Deputies Back Law ‘On Virtual Assets’ Verkhovna Rada, Ukraine’s parliament, has adopted new legislation […]

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Local Council Member in Ukraine Declares 124 BTC and 500 Tesla Shares

DIGIT — Sun, 14 Nov 2021 22:10:05 +0000

A government official in Rivne region of Ukraine owns close to $8 million in cryptocurrency and 500 Tesla shares, his declaration shows. The news comes as another Ukrainian lawmaker in Kyiv has found it hard to prove possession of the crypto holdings on her asset statement. Ukraine Officials Declare Crypto Assets, Fail to Provide Proof […]

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Mining Is Not Banned in Ukraine and Does Not Require Licensing, Key Crypto Advisor Says

DIGIT — Mon, 13 Sep 2021 10:30:39 +0000

The regulatory status of cryptocurrency mining remains somewhat undetermined in Ukraine, even after the recent adoption of the law “On Virtual Assets.” However, albeit unregulated, the minting of digital coins isn’t prohibited either, according to a leading advisor on crypto matters at the Ukrainian parliament. Amendments to Ukraine’s Tax Law to Regulate Accounting for Crypto […]

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Revised Bill ‘On Virtual Assets’ Aims to Regulate Ukraine’s Crypto Space This Summer

DIGIT — Sun, 20 Jun 2021 09:30:32 +0000

The Ukrainian parliament has released an updated version of the draft law “On Virtual Assets.” The revised bill requires exchanges to obtain government authorization, disclose their ownership and implement mandatory KYC procedures. The document has been criticized by regulators in Kyiv but the government wants the legislation passed before the parliament’s summer break. Draft Law […]

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New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments

DIGIT — Mon, 09 Dec 2019 00:54:35 +0000

The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight of cryptocurrencies in the country. Also read: Crypto Startups to Get up to […]

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Bill Proposes Tax Holiday for Cryptocurrency Businesses in Ukraine

DIGIT — Wed, 24 Oct 2018 00:15:07 +0000

A draft bill introducing tax breaks for entrepreneurs and companies dealing with cryptocurrencies has been filed in Ukraine’s parliament, the Verkhovna Rada. The authors of the bill have called for tax exemptions for entities working in the sector until the end of 2029. Also read: Russian Lawmakers Drop ‘Mining’ References in Digital Assets Bill New […]

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Ukraine to Legalize Crypto Mining as Economic Activity

DIGIT — Fri, 16 Mar 2018 20:00:52 +0000

The government in Kiev has taken concrete steps to legalize cryptocurrency mining. Ukraine’s Minister of Economy has ordered several ministries, agencies, and the National Bank to prepare the documents necessary to include mining in the state register of economic activities. Also read: Ukraine’s Financial Watchdog Clarifies Stance on Cryptos Easing the Pressure on the Crypto […]

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Ukraine’s Cyberpolice Supports Legalization of Cryptocurrencies

DIGIT — Thu, 01 Feb 2018 00:00:01 +0000

The cybercrime combating department of Ukrainian Police has voiced support for the legalization of cryptocurrencies despite sharing some concerns about them. The Cyberpolice unit also noted the need to regulate cryptos “as soon as possible”. Ukrainian parliament is yet to adopt new legislation amid mounting calls from other institutions to regulate cryptocurrencies. Also read: Russia’s […]

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57 Ukrainian Officials Declared Over 21,000 Bitcoins

DIGIT — Thu, 25 Jan 2018 18:45:03 +0000

A study of Ukrainian officials’ asset declarations reveals that 57 officials have declared over 21,000 bitcoins with the majority of cryptocurrency holders in the Odessa regional council and the country’s Parliament. A second study shows that in 2017 the largest amount of cryptocurrency declared by a Ukrainian official was in bitcoin cash. Also read: Three […]

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