President Zelenskyy signs Ukraine’s bill on virtual assets

TL; DR Breakdown

  • President Volodymyr Zelenskyy has signed Ukraine’s bill on Virtual Assets
  • NSSMC and NBU will be the main cryptocurrency regulators in the country.

Ukrainian President Volodymyr Zelenskyy signed a bill on virtual assets into law, which legalized bitcoin and other digital currencies, amid a surge of crypto donations to aid the country’s defense against a Putin invasion.

“The crypto sector is now legalized in Ukraine,” the Ministry of Digital Transformation tweeted Wednesday. “Foreign and Ukrainian cryptocurrency exchanges will operate lawfully from now on, and banks will create accounts for cryptocurrency firms,” the department added, having previously worked on raising millions of dollars in crypto donations amidst the war with Russia.