Blockchain & Cryptocurrency Business Flourishes in Ukraine
A new overview of the blockchain sector in Ukraine was recently published by the Ukrainian Blockchain Association (BAU). It highlights the formation phases of the sector and community, goes ahead to examine the firms participating in the market and also underlines the areas where these companies offer relevant solutions. The BAU also examined and analyzed future expectations of all market contributors, as well as the degree of business well-being with cryptocurrencies, distributed ledger technology (DLT) or blockchain and the existing regulations governing the industry.
“Bitcoin to the Moon” in Ukraine Boosts DLT & Crypto Market
Bitcoin (BTC), the leading cryptocurrency by market cap, just saw a major boost after the astonishing slogan “Bitcoin to the Moon” appeared on a tramcar in the Ukrainian city of Vinnytsia. The pictures of the event were all over the social media and the National Bank of Ukraine (NBU) declared that it has finished a pilot project to roll out its own cryptocurrency known as e-hryvnia.
Ukraine Takes The Question Of Cryptocurrency Regulation Into Consideration
After a long period of cryptocurrency trading in the country, the government has finally started to take the fintech seriously. A new digital currency regulating concept has been recently developed by the Financial Stability Council. The document outlines the main categories of cryptocurrency as financial instruments and the rights of the government as a regulatory body.