May 19, 2024

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War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says

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War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says

A year after Russia’s invasion, Ukraine continues working on cryptocurrency legislation, but the war has not changed its regulatory stance, according to a Kyiv official.

Ukraine has continued to follow in the footsteps of the European Union in regard to adopting digital asset laws, Ukraine’s securities commissioner Yurii Boiko told Cointelegraph in an interview.

Boiko said that the Ukrainian lawmakers have been working to implement major European crypto regulations, known as the

As previously reported, Ukraine’s central bank banned Bitcoin (BTC) purchases with the local currency, the Ukrainian hryvnia, in April 2022. The NBU only allowed Ukrainians to buy crypto with foreign currency and total monthly purchases not exceeding 100,000 hryvnia, or $3,300, at the time.