Ukraine prepares to legalise digital currency
The government of Ukraine is preparing to legalise digital currency, Ukraine’s local media outlet Ligamedia reported, according to CryptoNewsZ.
The move will play a significant role in modernising the nation.
At present, digital currencies are not prohibited in Ukraine. However, they don’t have an official status either.
The report disclosed that the country’s Digital Transformation Ministry wants to bring cryptocurrencies out of their present legal grey zone.
One of the deputy ministers to be designated with the Ministry, Alexander Bornyakov, confirmed recently that providing crypto with the legal status is included in their list of top goals.
The legalisation will be authorised by Minister Mikhail Fedorov, revealed Mr Bornyakov.
The nation’s Digital Transformation Ministry wants to make it easy to work with the government, similar to how one interacts with any digital service.
Tokenised securities are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how tokenised securities and leverage work and whether you can afford to take the high risk of losing your money. Nothing in the above article should be regarded as a recommendation to trade generally, to trade on a particular platform or to trade in a particular asset. Asset prices can go down as well as up and past performance is not a guide to future performance. Investors and traders should thoroughly research an asset or strategy before making any trading or investment decision and if necessary seek professional advice.