Regulations News

Ukraine’s Deputy Prime Minister wants his country to be a leader in crypto regulation

Speaking at the World Economic Forum, Mikhail Fedorov talked to his audience about the plans for a new Central Bank Digital Currency (CBDC), called e-hryvnia. Acting also as the Minister for digital transformation, Mr. Fedorov plans on receiving his salary in e-hryvnia.
His country used crypto at the beginning of the Russian invasion to raise money for its armed forces and citizens. Around $178 million were raised in crypto, which helped the country in its reactivity in the conflict.

According to him, Ukraine “will have the best crypto assets jurisdiction in the world”, making the country a leader in regulations, when it is seen as needed considering the fallout of FTX. Legislations on digital assets had been approved a few weeks after the start of the conflict, and new tax laws are to be implemented on crypto.

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