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The Country With Europe’s Highest Interest Rate Has Cut It 5 Times This Year
14.12.2019
Around half of European countries, over 20, now have 0% interest rates and a few are already in negative territory. Ukraine, which has the highest benchmark interest rate on the continent, has just reduced it again, for the fifth time this year. The race between central banks to cut rates, when...
Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency
9.12.2019
In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto...
New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments
9.12.2019
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight...
Ukraine Passes Law on Money Laundering With Crypto Policy Based on FATF
7.12.2019
Ukraine’s parliament approves a final version of a money laundering law that will handle virtual assets and virtual asset service providers per FATF guidelines
Crypto Startups to Get up to $75,000 From the Government of Ukraine
5.12.2019
Ukrainian crypto companies can now receive up to $75,000 each in the form of government sponsored grants. A special fund set up by the authorities in Kiev is already accepting applications from startups in various high tech sectors including the blockchain industry. Over $1.5 million will...
Bittrex Exchange Denies It Sought to Collaborate With Ukrainian Government
27.11.2019
Bittrex has denied claims that it reached out to the Ukrainian government to cooperate on developing the cryptocurrency industry there
Bill for the Legalization of Crypto Assets Presented in Ukraine’s Parliament
20.11.2019
Recently, Ukraine’s Digital Transformation Ministry announced that a bill to modify the Tax Code of Ukraine and other laws related to tax assessment for crypto transactions, has been presented in the parliament, Verkhovna Rada. The agency’s press service recently said, “The bill...
Ukraine Plans to Tax Crypto Gains at Low 5% Rate (for a While, Anyway)
20.11.2019
A draft bill setting out how crypto-related income should be taxed in Ukraine would tax gains at 5 percent for the first five years if passed
Ukrainian Railways Branch Caught Mining Crypto With State Power
15.11.2019
The Lviv branch of Ukrainian Railways has been caught red-handed diverting company electricity to mine bitcoin
State-Run Ukranian Railway in Lviv Gets Caught Mining Bitcoin
15.11.2019
A division at a state-owned enterprise of rail transport in Ukraine illegally mined Bitcoin, using the country’s power grid
Binance to Help Ukraine Prepare Cryptocurrency Legislation by End of 2019
6.11.2019
Binance will collaborate with Ukrainian authorities to establish cryptocurrency-related legislation in the country
Binance to Advise Ukraine Government on Upcoming Crypto Regulation
6.11.2019
Malta-based cryptocurrency exchange Binance has agreed to help Ukraine prepare rules for cryptocurrencies
Ukraine Rushes to Utilize 'Huge Potential' of Crypto Industry
23.10.2019
The Bohdan Khmelnytsky Monument in Kiev. Ukraine’s parliament is looking to push through cryptocurrency regulation in the final months of 2019. The country looks set to introduce crypto tax laws “before New Year,” with MPs speaking of the cryptocurrency industry providing “huge potential...
Survey: Chinese Students Want Crypto Jobs, 8% Own Cryptocurrencies
17.10.2019
A poll conducted among university students in China indicates that many of them see a bright future for cryptocurrencies in their country. A quarter of the respondents said they would seek employment in the industry that deals with digital assets and related technologies. Approximately one in...
More Nations Join the Club of Crypto-Friendly Jurisdictions
14.10.2019
Regulatory barriers are a major concern for businesses working with decentralized assets. Not all governments, however, are putting obstacles in front of crypto companies. In fact the number taking a crypto-friendly stance is in fact increasing. Also read: Ukraine in a Rush to Legalize...
Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky
12.10.2019
The new administration in Kiev, headed by the young president Volodymyr Zelensky, has brought renewed interest in cryptocurrencies. Fresh energy is now being injected into efforts to legalize decentralized digital money and regulate related economic activities. New draft laws have been proposed...
Ukraine to Legalize Crypto Mining + 10 More Crypto News
8.10.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
The Ukrainian cabinet says it plans to legalize cryptocurrency mining “within the next two to three years,”...
The Government of Ukraine Prepares to Legalize Digital Currency
30.9.2019
According to Ukraine’s local media outlet Ligamedia reports, the government of Ukraine is preparing to legalize digital currency. The move, when it takes place, will play a significant role in giving the nation’s modernization efforts a big boost. At present, digital currencies are not prohibited...
‘Legalization’ Coming for Cryptocurrency in Ukraine – And So Is the Taxman
30.9.2019
A Ukrainian minister has stated that the government wants to grant legal status to cryptocurrencies – moving them out of their current “grey area.” But the government’s motive appears to be primarily financial, as the minister suggested taxing both miners and cryptocurrency traders.
Per a report...
Cryptocurrency Mining Equipment Seized by Ukrainian Authorities from Nuclear Power Plant
22.8.2019
The Ukrainian authorities have seized mining equipment for cryptocurrency from a site of the nuclear power station. As reported by the local media, SBU (the Security Service of Ukraine) has confiscated an optical fiber cable, portion of a network cable, and a media converter on 10th July 2019,...