Ukraine’s Crypto Legalization Bill Set Go Live: Report

On Tuesday, Ukraine’s Parliament reportedly approved an amended bill on cryptocurrencies. The move is a continuation of the country’s effort to attract crypto investment and know-how.

The new bill incorporated the amendments proposed by President Zelensky, who sent it back to the Parliament in October.

The new law would allow Ukrainians to report income from digital assets, the Ministry of Digital Transformation said.

“Ukrainian Parliament, in accordance with the President’s proposals, adopted the Law “On Virtual Assets”. This means that Ukrainians will be able to declare their income in virtual assets, banks will open accounts for crypto companies and Ukrainian crypto exchanges will work legally.”

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