UkrainianBitcoin $102,153.55is preparing to include it in its national reserves. According to the Parliamentary member Yaroslav Zheleznyak, the government has almost ended in the draft law in line with this goal. If the bill is accepted, Ukraine, Bitcoinwill join the rare countries that consider it as an official financial asset. Moreover, this move is considered part of a comprehensive crypto currency regulation in the country.
Ukraine wants to include Bitcoin in her reserves
Working in the Ukrainian parliament Yaroslav zheleznyakannounced that the draft law, which will allow the state to form strategic Bitcoin reserves, has reached the final stage. This initiative is seen as the first great step in Ukraine’s effort to integrate crypto currencies at the national level. Although the details have not yet been explained to the public, the bill is expected to adopt Bitcoin at the state level and keep it on the legal ground.
Zheleznyak brought this idea to the agenda for the first time in February of the year. This idea, which was considered only as a proposal at that time, has now reached the stage of enacting. Ukraine’s crypto currencyIt is a strong signal of the desire to evaluate not only individuals but also on an institutional scale.
Comprehensive crypto currency law is also on the road
Parallel to the Bitcoin reserve plan Crypto money arrangement It is also working on it. Daniil GetMantsev, the President of the Tax Committee of the Ukrainian Parliament, said in December last year, a team of coordinated with the World Bank and International Monetary Fund (IMF) for this bill.
The law aims to bring clear rules from taxation processes to preventive arrangements for money laundering. The uncertainty of the current legal framework is shown as one of the biggest obstacles to the spread of crypto currencies in the country. The new regulation will facilitate not only individual investors, but also corporate structures to access crypto currencies safely.
The arrangements receive support not only from Ukraine, but also from global players. Crypto currency exchange BinanceThe name at the head of Central and Eastern European operations Kirill KhomyakovHe said they were positively approaching Ukraine’s idea of creating Bitcoin reserves. According to Khomyakov, the implementation of such a plan will require serious revisions in the current laws. However, these revisions will also provide a great clarity of how crypto currencies will be positioned in the country.
Bitcoin ownership worldwide is still at 4 percent, while Ukrainian users are among the groups that adopt crypto currencies early. However, there is still no comprehensive and binding legal regulations in this area. The new law bills have the potential to carry the use of crypto currency to a legal and safe ground of both individuals and the state.
If the bills are enacted, Ukraine will be one of the countries that settled crypto currencies only beyond individual investments and the center of economic planning.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
