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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

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