🌋 Crypto Legalization: A Pivotal Step in Ukraine's Advancement
posted 23 Nov 2023
Yulia Parkhomenko, the Head of the Digital Economy Department at the
Ministry of Digital Transformation of Ukraine, highlighted the crucial
importance of cryptocurrency regulation at the XI International Business
Forum SCIENCE-BUSINESS-EDUCATION: Strategic Partnership.
According
to her, swift approval of Minister Fedorov's recently introduced bill
is essential to empower cryptocurrency companies and users to access a
range of services, including exchanges.
"Ukraine has lost two valuable years in neglecting to legalize this emerging industry," emphasized Yulia.
It's
noteworthy that the passage of bill No.10225-1 will bring about
amendments to the tax code, automatically implementing the law on
virtual assets. This law proposes a reduced tax rate for the initial
years and the creation of an innovation zone for crypto companies.
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