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    Home » In Ukraine, they announced their intention to legalize cryptocurrencies

    In Ukraine, they announced their intention to legalize cryptocurrencies

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    By BlockchainJournal on September 28, 2019 News
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    The Ministry of Digital Transformation of Ukraine plans to legalize Bitcoin and other cryptocurrencies. The corresponding initiative came from the current head of the Ministry of Digital Affairs, Mikhail Fedorov, writes Liga.Net with reference to the statement of Alexander Bornyakov, who will be appointed one of the deputy ministers.

    He stressed that although cryptocurrencies are not prohibited in Ukraine, they also do not have an official status. Legalization is necessary, among other things, in order, for example, to protect business from searches.

    “People who are involved in this [cryptocurrency] should get out of the gray zone and start paying taxes, ” said Alexander Bornyakov during the presentation of the state’s brand in a smartphone.

    As noted, the Ukrainian authorities want to “earn mining” and in the future, the state could “earn from cryptocurrency traders.”

    It is also planned to transfer state registries to the blockchain.

    The Minister of Digital Transformation of Ukraine himself said in an interview with Ukrainian Truth that his key task is to turn the state into a service.

    “I want to turn the state into a simple service, as convenient and inconspicuous as possible. So that when you interact with the state, you feel comfortable, just like you order Uber, book a room on Booking or Airbnb. So that service is just a simple tool for you, and you don’t feel any destructive emotions and thoughts , ”said Mikhail Fedorov.

    Recall, earlier in September, the Verkhovna Rada of Ukraine created the inter-factional parliamentary group Blockchain4Ukraine, whose goal is the introduction of blockchain technology in state structures of the country.

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