• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home EUROPE

Ukraine’s Crypto Plans Are Stuck In Limbo As Political Crisis With Russia Deepens

CB4U by CB4U
February 5, 2022
in EUROPE
0
Ukraine’s Crypto Plans Are Stuck In Limbo As Political Crisis With Russia Deepens
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Ukraine’s crypto investors are becoming increasingly worried as the country faces the looming threat of a potential war with its formidable neighbor Russia. Voicing concern over the recent developments, the Ukrainian cofounder of NEAR Protocol [NEAR] Illia Polosukhin stated people will likely move their capital into safer options.

As a matter of fact, Ukraine has been positioning itself as the decentralized finance hub not just limited to Eastern Europe but the whole world. However, just five months after the announcement of the government legalizing digital financial assets and as it began working on regulating them, conflict at the border escalated, putting a halt to the country’s ambitious crypto plans.

Prior to the Russian crisis, Ukraine’s aspiration to be a crypto hub relies on its low taxes, light paperwork, and a surplus of skilled developers, a local tech economy that it claims would attract foreign investment. All that is now heading towards an uncertain future due to the ongoing geopolitical situation.

However, as per sources, Ukraine’s deputy minister of digital transformation, reassured that the country will remain crypto-positive despite the current situation.

Ukraine major crypto push

On September 9, 2021, the Ukrainian Parliament adopted a law that aimed to legalize and regulate cryptocurrency.

Unlike El Salvador’s adopting bitcoin as legal tender, Ukraine’s crypto law does not facilitate bitcoin as a form of payment nor does it treat equivalent to the country’s national currency- hryvnia.

By 2022, the Eastern European nation plans to open the cryptocurrency market to businesses and investors, according to the Kyiv Post. Several top state officials had flown to San Francisco to meet investors and venture capital funds in Silicon Valley.

Last year, President of Ukraine Volodymyr Zelenskyy visited the U.S where he spoke on Ukraine’s budding “legal innovative market for virtual assets” as a selling point for investment, and Minister of Digital Transformation Mykhailo Fedorov said the country was modernizing its payment market so that its National Bank would be able to issue digital currency.

But the current border crisis cast an uncertain future for the crypto investors in Ukraine. Echoing similar sentiment, Polosukhin stated,

“There was foreign investment happening. Now it may contract to some extent. The way all of this is positioned in Western news is not helping.”

Advertisement Banner
Previous Post

Bringing the Virtual Reality of the Metaverse to Real Life

Next Post

4 Bitcoin News Stories You NEED To Know This Week! [Crypto News]

CB4U

CB4U

Next Post
4 Bitcoin News Stories You NEED To Know This Week! [Crypto News]

4 Bitcoin News Stories You NEED To Know This Week! [Crypto News]

Discussion about this post

RECOMMENDED

Lateral Movement Of Uniswap, When Is There A Chance Of Correction?

Lateral Movement Of Uniswap, When Is There A Chance Of Correction?

8 months ago
Dogelon Jumps 6.15% Over The Last 24 Hours – Can ELON Rally Further?

Dogelon Jumps 6.15% Over The Last 24 Hours – Can ELON Rally Further?

8 months ago

DON'T MISS

HeartX Launches Web3 Marketplace and Community Aim to Revolutionize Digital Art Industry

HeartX Launches Web3 Marketplace and Community Aim to Revolutionize Digital Art Industry

March 20, 2023
China Will Become a Metaverse Tech Leader During 2023 – Metaverse Bitcoin News

China Will Become a Metaverse Tech Leader During 2023 – Metaverse Bitcoin News

March 20, 2023
Republic Of China Announces Crypto Regulatory Body

Republic Of China Announces Crypto Regulatory Body

March 20, 2023
BITCOIN: O CICLO ESTÁ SE DANDO DA MESMA FORMA! VC ENXERGA?! (O VÍDEO MAIS IMPORTANTE QUE EU JÁ FIZ)

BITCOIN: O CICLO ESTÁ SE DANDO DA MESMA FORMA! VC ENXERGA?! (O VÍDEO MAIS IMPORTANTE QUE EU JÁ FIZ)

March 20, 2023
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

HeartX Launches Web3 Marketplace and Community Aim to Revolutionize Digital Art Industry

HeartX Launches Web3 Marketplace and Community Aim to Revolutionize Digital Art Industry

March 20, 2023
China Will Become a Metaverse Tech Leader During 2023 – Metaverse Bitcoin News

China Will Become a Metaverse Tech Leader During 2023 – Metaverse Bitcoin News

March 20, 2023
Republic Of China Announces Crypto Regulatory Body

Republic Of China Announces Crypto Regulatory Body

March 20, 2023

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H