A cryptocurrency bill has been submitted to Ukraine’s national legislature, setting the stage for new regulations in bitcoin ukraine time country. How Can I Buy Bitcoin? How Does Bitcoin Mining Work? How Do Bitcoin Transactions Work?

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New legislation introduced in Ukraine would bring the local cryptocurrency ecosystem under the oversight of the country’s central bank. Notably, the bill calls for cryptocurrencies to be taxed as a kind of property, mirroring the approach taken by the U. If the bill is passed and signed into law, the National Bank of Ukraine would have two months from that date to create guidelines for exchanges. Further, it mandates that the Ukrainian government “ensure that the ministries and other central executive bodies bring their normative legal acts into compliance with this law,” according to a translation. It remains to be seen what changes will be made as the bill moves through the Verkhovna Rada, Ukraine’s national legislature. Several committees in the unicameral parliament are set to weigh in on the measure, according to public records, with the Financial Policy and Banking Committee taking a leading role. Some statements in this article have been translated from Ukrainian.

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