Ukraine has entered the top three countries regarding virtual assets’ use.

Deputy Prime Minister – Minister of Digital Transformation Mykhailo Fedorovsaid this in a Telegram post, Ukrinform reports.

According to Fedorov, these are the finding of the latest study published today by the blockchain analysis firm Chainalysis.

The team of Digital Transformation works a lot on developing and legalizing the crypto industry in Ukraine.

“We developed a relevant law ‘On Virtual Assets,’ which was signed by the President in March,” Fedorov noted.

According to him, together with Ukraine’s National Securities and Stock Market Commission of Ukraine, the Ministry of Digital Transformation is continuing work on a bill amending the Tax Code of Ukraine to define the taxation of transactions with virtual assets.


“We want to create the most favorable conditions for developing crypto business in Ukraine. So that global crypto companies can legally enter Ukraine and do business using the banking system. And Ukrainians can declare and protect their income in virtual assets,” Fedorov stressed.

As Ukrinform reported, since the beginning of the war, Ukrainian opened more than 50,000 new businesses.

To suggest a correction or clarification, write to us here
You can also highlight the text and press Ctrl + Enter