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The Cryptocurrency She played a vital role in the war Ukraine Today, the country has taken an important step in legal matters. Ministry of Digital Transformation of that country ad Legalization of the sector, so far It is allowed to exchange foreign and Ukrainian currencies.
The State Secretariat confirmed that Ukraine is making progress in developing the virtual asset market. The new law, signed by President Volodymyr Zelensky, will allow the opening of accounts in banking institutions for cryptocurrency companies.
Although Ukraine is already considered Cryptocurrencies as an essential part of economic development In the country, the conquest of Russia strengthened its importance. Since the beginning of the war the government has launched a campaign to receive Donations in Bitcoin, Ethereum and USDT.
Send Zelensky and Deputy Prime Minister Mikhailo Fedorov Posts Via Twitter and Telegram to seek support from the West. The answer was immediate and after a few days the donations Excellence $59 million.
Ukraine seeks to liberalize its economy with cryptocurrency
According to Alex Bornyakov, Deputy Minister of Digital Transformation of Ukraine, the group It reached $100 million On the 9th of March. More than 60% has been received in the fund operated by Kona and is used to purchase fuel, food, military and medical equipment.
In an interview with Take CrunchMikhailo Fedorov commented on this The government of Ukraine seeks to liberalize its economy. “We are working on the military, technological and economic front. Our government has worked hard to remove obstacles and bottlenecks in our economy,” he said.
Deputy Prime Minister refers to the initiative Occurred 2021, which opened the door to what was adopted today. In September, the Verkhovna Rada adopted a bill regulating the transaction of virtual assets, as well as a fraud protection strategy for cryptocurrency holders.
Everyone can use it, except for Russia
At the same time Ukraine benefits from the use of these assets of politicians in that country and in the United States Warning That Russia should not reach them. US Senator Elizabeth Warren and former Secretary of State Hillary Clinton both point out that Putin and his cronies You will evade economic sanctions If its use is not regulated as soon as possible.
The Bilingualism driven by Washington echoed in some exchanges of cryptocurrencies, but not at all. An example is Binance, which only blocks the transactions of Russian politicians and other personalities that make up the sanctioned list. The company states that not all Russians are in favor of war, so it is necessary to separate politicians from the rest.
It is worth noting that Russia’s relationship with cryptocurrencies has never been good. Unlike Ukraine, The Bank of Russia asked to veto its use Under the pretext that it is volatile and used in illegal activities.
at Transfer Published in January of this year, the Bank of Russia states that The country needs new laws to prevent cryptocurrency-related activities. The Financial Stability Department has called for strengthening the existing ban and imposing penalties on individuals and companies for buying or selling goods, services, and labor using cryptocurrencies.
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