Crypto assets are still in the shadows.
The country is planning bring digital assets out of the shadows by launching a legal market and creating additional opportunities for business development, said Minister of Digital Transformation Fedorov, reports the Chronicle.info with reference to Focus.
The Verkhovna Rada for the second time voted for bill No. 3637 «On virtual assets», which legalizes the use of digital assets on the territory of Ukraine, said the Minister of Digital Transformation Mikhail Fedorov in his telegram channel.
On According to the official, billions are invested in the global crypto industry, and Ukraine is in the top 5 crypto-leading countries. But despite the leadership, crypto assets are still in the shadows in our country, Fedorov emphasized.
«The adopted Law will allow changing this and de-shadowing the new sector of the economy. Crypto exchangers and crypto exchanges will be able to work legally, Ukrainians will be able to protect their assets from possible abuse or fraud,» the minister wrote.
He also said that the team of the Ministry of Digital Development has been working on creating a legal framework in the field of cryptocurrencies for two years.
«Now we are working on the relevant changes to the Tax and Civil Codes of Ukraine to fully launch the virtual assets market» ;, — Fedorov commented.
The official also noted that the new Law will provide additional opportunities for business development in Ukraine and this will positively affect the development of the economy. In his words, «this is what Ukraine needs most today».
Recall that in September 2021, the Verkhovna Rada voted by a majority vote for the adoption of bill No. 3637 « virtual assets», however, President Zelensky vetoed it and returned it for revision, making 21 proposals. The President, in particular, was against the creation of a new regulatory body. As a result, in the new version of the law, the role of the regulator is assigned to the National Commission for Securities and the Stock Market and the National Bank of Ukraine.