Ukraine’s finance minister Oleksandr Danyliuk insists cryptocurrencies will not be banned in the country even though its legal status is yet to be determined.
Ukraine’s parliament, Verkhovna Rada, will review a bill on cryptocurrency regulation. The paper has been published at the parliament’s official website.
Ukraine’s parliamentary committee on financial policy and banking has started developing a bill that would regulate cryptocurrency turnover. The committee’s head Sergei Rybalka wrote on Facebook: “We started working on a cryptocurrency bill in our parliamentary committee. They are gaining traction all over the world.” Notably, deputy head of Ukraine’s.
Deputy head of Ukraine’s National Bank Oleg Churiy has stated that the regulator does not consider bitcoin and other cryptocurrencies a currency, and sees scam-related risks inherent in their usage.
Propy, the global property store and decentralized title registry, is partnering with the government of Ukraine to allow online real estate purchases by foreign investors for the first time.
According to the official comment by Oleg Chupriy, the deputy chairman of the National Bank of Ukraine, Bitcoin has no legal status in Ukraine.
Even though Ukraine’s legislation does not include any direct bans on cryptocurrency mining, miners have become objects of interest for the SBU, the country’s security service, and other law enforcement agencies.
According to the president of investment group Univer Taras Kozak, the government of Ukraine intends to use the distributed ledger technology for real estate title registration as of January 1st, 2018.