Ukrainian President Volodymyr Zelenskyy signs law on virtual assets, legalizing cryptocurrencies, amid a flurry of digital asset donations to support the country’s military.
- The law recognizes the legal status, classification, ownership, and market regulators of virtual assets as well as setting registration requirements for crypto services providers.
- Ukraine’s National Commission on Securities and the Stock Market will be responsible for the regulation of the market. Exchanges will be allowed to operate legally in the country, and banks will open accounts for them.
- The state regulator is tasked with the role of shaping and drafting a policy in the field of virtual assets, determining circulation of virtual assets, issuing permits to service providers, and performing supervision and financial monitoring.
Ukraine has so far received more than $100 million in cryptocurrency donations in the last three weeks from people willing to support its defense and finance humanitarian programs.
BTC USD down -0.28%
Source: CoinDesk
