Ukrainian President Volodymyr Zelensky signed the law “On virtual assets” (VA), the regulated circulation of cryptocurrencies in the country.
Now bitcoin exchanges will be able to operate legally, and banks will be able to open accounts for cryptocurrency companies.
The owners of digital currency now have guaranteed judicial protection of rights.
The function of market regulation is distributed between the NBU and the National Commission for Securities and Stock Market (NKTSBFR). The National Bank is responsible for VA secured by currency values. Regulation of the turnover of crypto-currencies and VA, secured by securities or a derivative financial instrument, assigned to the National Securities Commission.
The law “On virtual assets” will come into force after the adoption of amendments to the Tax Code. They will separately prescribe the features of the taxation of cryptocurrencies.