Jun 10, 2019 at 09:54
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.
Feb 27, 2019 at 15:18
“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.
The Ukrainian Government Considers Legalizing Virtual Assets
The Ukrainian government has begun a state policy to make digital currencies legal and effectively manage and oversee the FinTech sector as a trigger of a new public policy created by the Ministry of Economic Development and Trade. The exercise may require like 3 years to execute but eventually, businesses formed around cryptos would be a fruitful part of the nation's market.
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.