Ukrainian Crypto paced currency regulations

Ukraine accelerates crypto money arrangements … Ukraine prepares legislation to legalize crypto-banking, according to a report by Alexei Mushak, a member of Ukrainian parliament on Facebook, on Tuesday, May 15.

Mushak added a copy of the draft legislation document,

In Ukraine, the conclusion of many meetings and the work of many people, we are creating conditions for digital token and crypt money coins. We are on the road yet and there are many nuances to be reached. The final version will be ready in two weeks. I would like to interpret your work and arrange your offers.

Belgede says legislation is aimed at creating a "free and transparent" digital asset market in Ukraine. It also states that the guidelines for the hiding, use and modification of crypto money, digital tokens and smart contracts at the state, institution and individual levels are outlined. Regulatory measures are also proposed to prevent the use of cryptography for money laundering, terrorist financing and other criminal activities.

The document also describes the use of digital book technology, also known as Blockchain, as areas of public interest, health care, DLT).

Ukrainian citizens seek a special arrangement on ICOs

Since the publication of the notification, it has been seen that Ukrainian citizens have received considerable comments. The weight of comments made was on ICO. Since ICO is thought to be "widespread fraud", ICO's proposal for regulatory separation from other digital assets is gaining in the comments made.

Mushak stated that there is not much consensus on how to treat ICOs in the Ukrainian parliament and that there are concerns that overly strict measures will make development difficult.

In May, Ukraine The National Securities and Exchange Commission (SSMCS) announced that it would consider accepting cryptographic money as a financial instrument and stated that cryptographic regimes are now at national standards and that international standards are still far away.

In January, the Bank of Ukraine (NBU ) is a model that "takes into account" a digital version of the national currency, the hryvnia, but is not a government-supplied crypto currency, ie a model that is not based on a Blockchain protocol


Ukrainian crypto money arrangements

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