Ukraine Will Be Legalizing Cryptocurrencies

Ukraine is set on legalizing crypto and it is inviting its citizens to provide feedback on the drafts.

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Alexe Mushak, a member of Ukraine’s Parliament, has announced via Facebook that the European country was preparing a legislation to legalize cryptocurrencies in the country.

Mushak also attached a copy of the draft, inviting readers and Ukrainian citizens to provide feedback on the regulations for the cryptocurrency market.

“We go to the home stretch to create conditions for digital tokens and cryptocurrency in Ukraine. This is the outcome of many meetings and work of many people,” Mushak says in the post. “There are many more nuances left to figure out. The final version will be ready in two weeks. I ask you to comment and edit. The thoughts of market practitioners are especially important.”

The legislation is aimed at creating a “free and transparent” crypto market in Ukraine. The regulations on the storage, usage, and exchange of cryptocurrencies, as well as regulations to prevent and fight against money laundering and other illegal activities, are outlined in the document.

Ukrainians have since flooded the post with comments and suggestions.

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