New Law Makes Ukraine The Future Of Bitcoin

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The Verkhovna Rada of Ukraine has approved the country’s proposed law “On Virtual Assets” with the recommendations of the president. Two hundred and seventy two People’s Deputies voted for this decision.

As you may recall, on September 8, 2021, the Verkhovna Rada adopted this document in its reading. However, on October 5, the president of Ukraine, Volodymyr Zelensky, vetoed it and returned the document to the Verkhovna Rada along with his suggestions. In particular, the president opposed the creation of a separate regulator for the virtual asset market. Instead, the head of the country proposed to entrust the relevant functions to the already-existing regulator of financial markets.

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