New Bill in Ukraine to Finally Let Crypto Firms Open Bank Accounts

Cointelegraph

Published May 22, 2020 04:31PM ET

Updated May 22, 2020 07:40PM ET

Ukraine is getting closer to providing a legal status for cryptocurrencies like Bitcoin (BTC) with a new draft bill published on Monday.

On May 18, the Ministry of Digital Transformation of Ukraine published a new draft bill “On Virtual Assets” that aims to determine the legal status of crypto assets, rule of their circulation and issuance in the country. The current version of the bill is not final and is open for discussion by the crypto community until June 5, 2020.

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