Saturday, May 28, 2022

Zelensky allows the legal cryptocurrency market in Ukraine

Volodymyr Zelensky signed a law opening the legal market for virtual assets and cryptocurrencies in Ukraine, Minister of Digital Transformation of Ukraine Mykhailo Fedorov said on Wednesday.

“Today, the president signed the law” on virtual assets “. We are launching a legal market for virtual assets in Ukraine and bringing the crypto sector out of the shadows,” Fedorov wrote on his Telegram channel.

According to him, this law will legalize the work of foreign and Ukrainian crypto exchanges, and banks will open accounts for crypto companies.

“Crypto-assets have become a powerful tool for attracting additional funding to support the armed forces of Ukraine. During the three weeks of the war, the Ukrainian crypto fund raised more than $ 54 million in crypto assets,” Fedorov added.

Russia launched a military operation in Ukraine on February 24. President Vladimir Putin called its goal “the protection of people who have been subjected to bullying and genocide by the Kiev regime for eight years.” For this, according to him, it is planned to carry out “demilitarization and denazification of Ukraine”, to bring to justice all war criminals responsible for “bloody crimes against civilians” in Donbas.

According to the Ministry of Defense of the Russian Federation, the Armed Forces strike only at the military infrastructure and Ukrainian troops. With the support of the Russian Armed Forces, the DPR and LPR groups are developing an offensive. But there is no talk of the occupation of Ukraine, the President of Russia stressed.