Ukrainian bill on cryptocurrency submitted to parliament

The Ukrainian LIGA News Network quoted the website of the Digital Transformation Department on November 18th, and the legal amendments concerning the Ukrainian tax law and other Ukrainian laws relating to the taxation of the operation of encrypted assets were submitted to the Parliament. The Act defines the terms "virtual assets," "encrypted assets," "tokens," "token assets," "operations using encrypted assets," and so on. The bill was jointly developed by the Blockchain Association, the “ВР Blockchain4Ukraine” Inter-Party Parliamentarians, the Effective Regulatory Office, and the Digital Transformation Department. Earlier, at the end of September, Ukraine announced its desire to legalize cryptocurrencies. The Digital Transformation Department believes that the passage of the cryptocurrency bill will create conditions for the operation of the Ukrainian virtual asset market.