Mining Is Not Banned in Ukraine and Does Not Require Licensing, Key Crypto Advisor Says

Mining Is Not Banned in Ukraine and Does Not Require Licensing, Key Crypto Advisor SaysThe regulatory status of cryptocurrency mining remains somewhat undetermined in Ukraine, even after the recent adoption of the law “On Virtual Assets.” However, albeit unregulated, the minting of digital coins isn’t prohibited either, according to a leading advisor on crypto matters at the Ukrainian parliament. Amendments to Ukraine’s Tax Law to Regulate Accounting for Crypto […]

Ukraine Adopts Law ‘On Virtual Assets’ to Regulate Crypto Market

Ukraine Adopts Law ‘On Virtual Assets’ to Regulate Crypto MarketThe parliament in Kyiv has passed legislation determining the rules for crypto-related operations in Ukraine. The law “On Virtual Assets” recognizes cryptocurrencies as intangible goods while denying them the status of legal tender. It also regulates the activities and obligations of crypto businesses. Ukraine Legalizes Crypto Activities, Defines Virtual Assets Ukraine’s Verkhovna Rada, the country’s […]

Ukrainians to Trade and Spend Cryptocurrencies Legally, Digital Ministry Says

Residents of Ukraine will be able to legally keep, exchange, and spend cryptocurrencies once the new virtual assets law is adopted. The legislation will comprehensively regulate the crypto space, possibly lower taxes for Ukrainians and create conditions for new services, a government official revealed. New Regulations to Create Market for Crypto Services for Ukrainians Ukrainians […]

Ukrainian President Signs Law Opening Door for Digital Hryvnia, Regulatory Sandbox

Ukrainian President Signs Law Opening Door for Digital Hryvnia, Regulatory SandboxPresident Volodymyr Zelensky has signed a law that will allow the National Bank of Ukraine to issue its own digital currency. The new legislation, which aligns Ukrainian regulations with EU rules, will also stiffen authentication requirements for clients of payment service providers. New Legislation Allows Ukrainian Central Bank to Issue Digital Currency The President of […]

Turkish Draft Law Regulating Cryptocurrencies Enters Parliament in October

Turkish Draft Law Regulating Cryptocurrencies Enters Parliament in OctoberThe Turkish government has prepared a bill designed to implement new regulations for the country’s crypto space. The legislation, which will be filed in the parliament this fall, will introduce taxation for crypto holdings and specific capital requirements for companies operating with digital assets. New Legislation to Regulate Turkey’s Crypto Market Following in the footsteps […]

New Bill to Ban Crypto Payments in Iran, Support Mining and Regulate Exchange

New Bill to Ban Crypto Payments in Iran, Support Mining and Regulate ExchangeUrged by the growing popularity of cryptocurrencies, Iranian lawmakers have prepared new legislation to introduce comprehensive rules for the expanding industry. While the bill effectively bans crypto payments in the country, it aims to support cryptocurrency mining and regulate the exchange market. Draft Law Prohibits Crypto Payments in Islamic Republic Members of the Islamic Consultative […]

Kazakhstan Introduces Surcharge for Electricity Used by Crypto Miners

Kazakhstan Introduces Surcharge for Electricity Used by Crypto MinersCryptocurrency miners in Kazakhstan will pay more than other consumers for the electricity they use to mint digital coins. The country’s president has signed a law that imposes an additional fee for the power utilized by the energy intensive industry. Coin Miners in Kazakhstan to Pay Extra Fee per Kilowatt-hour of Electricity Crypto mining entities […]

Revised Bill ‘On Virtual Assets’ Aims to Regulate Ukraine’s Crypto Space This Summer

Revised Bill ‘On Virtual Assets’ Aims to Regulate Ukraine’s Crypto Space This SummerThe Ukrainian parliament has released an updated version of the draft law “On Virtual Assets.” The revised bill requires exchanges to obtain government authorization, disclose their ownership and implement mandatory KYC procedures. The document has been criticized by regulators in Kyiv but the government wants the legislation passed before the parliament’s summer break. Draft Law […]

Election Candidates in Russia to Disclose Crypto Investments, New Bill Suggests

Election Candidates in Russia to Disclose Crypto Investments, New Bill SuggestsA new bill obliging candidates running for election in Russia to declare their spending on digital assets has hit the floor of the State Duma. According to the draft, Russian politicians will be required to disclose details about every crypto purchase they and their families make, if the total exceeds a certain amount. Candidates to […]