The Ukrainian government has so far laid down some ground rules for the cryptocurrency market, (Ukraine Population: 43,422,362) the fifth country to do so in as many weeks, following El Salvador’s move to adopt Bitcoin as legal tender, showing that governments around the world are realizing bitcoin’s staying power. The bill was passed in a near-unanimous vote on Wednesday and it now heads to the desk of Ukraine President Volodymyr Zelensky. Ukraine’s parliament has adopted a new law that legalizes and regulates cryptocurrency and other virtual assets like tokens.

Ukraine Draft Law on Bill on Virtual Assets.

According to a local report, Bill No. 3637 on Virtual Assets, gives Ukraine the ability to now legally regulate digital currency. According to the bill draft, “This Law regulates legal relations arising in connection with the turnover of virtual assets in Ukraine, defines the rights and obligations of participants in the virtual assets market, the principles of state policy in the field of virtual assets.”

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