Express

Ukraine: New Bill Might Soon Make It Legal to Pay With Cryptocurrencies

Amy Liu

Summary: According to the Deputy Minister of Ukraine’s Ministry of Digital Transformation, a new crypto-related bill will soon make it “quite legal to pay with cryptocurrencies.” However, despite the draft bill allowing transactions through crypto, it will not recognize digital assets as legal tender. The bill will also allow local payment processors to provide services for ...

According to the Deputy Minister of Ukraine’s Ministry of Digital Transformation, a new crypto-related bill will soon make it “quite legal to pay with cryptocurrencies.” However, despite the draft bill allowing transactions through crypto, it will not recognize digital assets as legal tender. The bill will also allow local payment processors to provide services for converting crypto to fiat to enable payments deriving from crypto. The bill has already made its way to the parliament.

By Amy Liu

Last Update:

Tags: ,,
Link: Ukraine: New Bill Might Soon Make It Legal to Pay With Cryptocurrencies   [Copy]
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 8 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 15 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 19 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 22 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 26 days ago
  • You need to login to comment.