Ukraine to legalize Bitcoin – What does this new bill change?

According to the Ukrainian draft bill, the law will regulate “legal relations arising in connection with the turnover of virtual assets in Ukraine, defines the rights and obligations of participants in the virtual assets market, the principles of state policy in the field of virtual assets”.

Ukraine is the fifth country in as many weeks to set up ground rules for digital currencies following El Salvador’s move to adopt Bitcoin as legal tender.

Ukraine’s Minister of Digital Transformation Mykhailo Fedorov also recently said the country was modernising its payment market so that its National Bank could issue digital currency.

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