{"id":107460,"date":"2021-10-08T15:30:18","date_gmt":"2021-10-08T15:30:18","guid":{"rendered":"https:\/\/www.i-conseils.fr\/index.php\/2021\/10\/08\/ukraines-crypto-law-sent-back-to-parlement\/"},"modified":"2021-10-08T15:39:03","modified_gmt":"2021-10-08T15:39:03","slug":"ukraines-crypto-law-sent-back-to-parlement","status":"publish","type":"post","link":"https:\/\/www.i-conseils.fr\/index.php\/2021\/10\/08\/ukraines-crypto-law-sent-back-to-parlement\/","title":{"rendered":"Ukraine\u2019s Crypto Law Sent Back to Parlement"},"content":{"rendered":"

Ukraine\u2019s Crypto Law Sent Back to Parlement
\n \n<\/p>\n

In Ukraine, the recently adopted law \u201cOn Virtual Assets\u201d<\/a> was sent back to the the country\u2019s legislature, the Verkhovna Rada. President Volodymyr Zelensky, a vocal Bitcoin evangelist, included some his his own suggestions and did not agree with the establishment of a new regulatory body which would need significant funding.<\/p>\n

The long-awaited law \u201cOn Virtual Assets\u201d was passed by lawmakers after a second and final reading in September. To enforce the new law, it was sent to the president\u2019s office for signature of the country\u2019s Head. Nevertheless, president Zelensky sent it back with some remarks.<\/p>\n

The bill includes key legal definitions of cryptocurrencies, such as \u201cfinancial virtual assets\u201d and furthermore clarifies the responsibilities of government institutions that are expected to oversee the digital assets under Ukraine\u2019s jurisdiction. As an example, assets backed by currencies will be regulated by the National Bank of Ukraine (NBU). When underlying assets are securities, it will be the National Securities and Stock Market Commission (NSSMC) with regulatory supervision<\/p>\n

According to the bill, a new regulatory body for the crypto market would have to be established and that leads to opposition from Zelensky. The president explained in an announcement that this will require significant expenditures from the state budget\u201d and he would rather have the NSSMC be tasked with the oversight<\/p>\n

Ukraine\u2019s newly adopted bill acknowledges virtual assets as intangible goods and places them into two main categories: secured and unsecured. Crypto will not (yet) be legal tender<\/a> in Ukraine and there will not be any direct exchange for other goods or services.<\/p>\n

While the bill does not disclose the legality of mining activities, it is not considered illegal. Lastly, further tax amendments are needed to address cryptocurrency.<\/p>\n

The post Ukraine\u2019s Crypto Law Sent Back to Parlement<\/a> appeared first on iGaming.org<\/a>.<\/p>\n


\nSource: igaming<\/p>\n","protected":false},"excerpt":{"rendered":"

Ukraine\u2019s Crypto Law Sent Back to Parlement In Ukraine, the recently adopted law \u201cOn Virtual Assets\u201d was sent back to the the country\u2019s legislature, the Verkhovna Rada. President Volodymyr Zelensky, a vocal Bitcoin evangelist, included some his his own suggestions and did not agree with the establishment of a new regulatory body which would need significant funding. The long-awaited law \u201cOn Virtual Assets\u201d was passed by lawmakers after a second and final reading in September. To enforce the new law, it was sent to the president\u2019s office for signature of the country\u2019s Head. Nevertheless, president Zelensky sent it back <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1],"tags":[13],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6D2Px-rXe","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/posts\/107460"}],"collection":[{"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/comments?post=107460"}],"version-history":[{"count":0,"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/posts\/107460\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/media?parent=107460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/categories?post=107460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/tags?post=107460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}