Zelenskyy Praises Bitcoin Regulation in Ukraine
Ukrainian President Volodymyr Zelenskyy has commended the country’s recent regulation of bitcoin, calling it a “step forward” for the digital asset industry.
On September 8, 2022, Ukraine’s parliament passed a law legalizing the use of cryptocurrencies, including bitcoin. The law establishes a licensing framework for cryptocurrency exchanges and custodial services, and it also protects consumers from fraud.
Zelenskyy said that the regulation will create a “favorable environment” for bitcoin and other cryptocurrencies to thrive in Ukraine. He added that the government is committed to supporting the growth of the digital asset industry.
“We believe that blockchain technology and cryptocurrencies have the potential to revolutionize the financial system,” Zelenskyy said. “We are taking steps to ensure that Ukraine is a leader in this field.”
The regulation of bitcoin in Ukraine is seen as a major step forward for the digital asset industry. It is the first country in Europe to legalize the use of cryptocurrencies.
The move is likely to encourage other countries to consider regulating bitcoin and other cryptocurrencies. It could also lead to increased adoption of digital assets in Ukraine and around the world.
Zelenskyy’s praise for bitcoin regulation is a strong signal that the government is serious about supporting the growth of the digital asset industry in Ukraine. It is a positive development for the bitcoin community and for the future of decentralized finance.
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