Today at 15:35
The Verkhovna Rada adopted in the second reading the bill No. 3637 “On virtual assets”, which regulates the cryptocurrency industry in Ukraine.
This is reported by UA with reference to the website of the Verkhovna Rada.
The bill should regulate the virtual asset market and its participants, the explanatory note says. It also regulates the legal status of virtual assets and civil relations between individuals and legal entities that arise when digital assets are used.
The document defines the legal status and requirements for service providers related to virtual assets. This applies to the storage and administration of virtual assets or tools that allow them to be controlled, as well as their exchange, sale and transfer.
The Minister of Digital Transformation Mykhailo Fedorov wrote in Telegram, the daily turnover of virtual assets in Ukraine is UAH 1 billion. The adoption of the bill will bring them out of the shadows. On December 2, 2020, the Verkhovna Rada of Ukraine adopted in the first reading the bill No. 3637 on virtual assets.
