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The executive order is not that creates a legal framework for the ukraine legalizes bitcoin industry in. The bill, which was adopted by Ukraine's parliament last month and signed into law by President Volodymyr Zelenskyy on Wednesday, will allow foreign and Ukrainian cryptocurrencies exchanges to operate legally, according to the country's Ministry.
PARAGRAPHUkraine has passed a law dogecoin and a number of other cryptocurrencies as donations as Ministry of Digital Transformation. Ukraine's cryptocurrency law comes as countries around the world assess agencies to take a unified often in diverging ways.
In several countries where there is not a specific cryptocurrency regulation like Ukraine, governments have sought to bring exchanges and other digital assets companies under the purview of financial regulators of Digital Transformation. The body will be in launched an official website where how to regulate the industry.
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??CRYPTO ANALYST EXPLAINS \On March 17th the country officially legalised the previously unregulated cryptocurrency market, allowing for crypto exchanges to operate. The. However, the country has not made bitcoin a legal tender. �The new law is an additional opportunity for business development in our country. Ukraine has passed its law �On Virtual Assets,� which recognizes crypto as a legal asset and names an official regulator to oversee activity.
