Ukraine Signs Virtual Asset Bill as Nation Receives >$100M in crypto donations

Ukrainian President Zelenskyy officially legalized cryptocurrencies in the Ukraine. Zelenskyy signed a bill on virtual assets that determines the legal status, classification, ownership, and regulators for crypto service providers.

The Ukraine’s National Commission on Securities and the Stock Market will regulate the market, and Exchanges will be able to operate legally. Ukrainian banks will also bank these exchanges.

Meanwhile, Ukraine has received over $100 million in notional USD value of cryptocurrency donations over the past three weeks from people who want to support its defences in the war against Russia. Donators also hope to help fund the humanitarian efforts in Ukraine.

Published by Tom Stewart

Head of data analytics at TradeProofer. Analyst at Opes Trading Group. FX enthusiast.

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