Michael Chobanyan News

The Ministry of Digital Transformation of Ukraine published crypto draft law “On Virtual Assets” in response to FATF’s June 2020 deadline.

Blockchain-based system for holding online auctions will be launched in Odessa region, Ukraine, in February 2016.

Verkhovna Rada of Ukraine will review the bill defining the legal status of Bitcoin. Allegedly, it will be submitted in January, 2016.

Ukrainian Bitcoin agency KUNA announces the launch of a crowdsale campaign for its cryptocurrency exchange.

Bitcoin Foundation Ukraine and KUNA Bitcoin Agency are expected to announce a Ukrainian blockchain project to set up an e-governance system in Odessa, Ukraine.

The fake Localbitcoins app on Google Play, still live at the time of writing, is indicative of how streetwise the Bitcoin community really is – and can happen again.

Head of Bitcoin Foundation Ukraine claims that the policemen who have searched his house on November 3 were motivated by things other than justice.

Ukraine may soon legalize Bitcoin. The National Bank of Ukraine (NBU) is seriously looking into the possibilities of implementing Bitcoin’s technology into the financial system according to Ukraine’s Bitcoin Foundation (BFU).

Bitcoin regulation looks imminent in Ukraine, with the release of its own BitLicense draft. Initial reception has been described as “surprisingly positive” by the country’s Central Bank and financial sector.

Ukraine will block the Bitcoin accounts of “separatists” in the country’s east. Such was the statement of the head of the Security Service of Ukraine (SBU), Valentyn Nalyvaychenko.

Ukraine is currently experiencing the worst period of hyperinflation in the world as the government has imposed capital controls to stop its citizens from dumping the Hryvnia. This can potentially make cryptocurrencies the only viable safe haven for the embattled country’s population.

The virtual currency Bitcoin cannot be used in Ukraine as a means of payment. The above was announced in a post on the official website of the National Bank of Ukraine (NBU). According to the regulator, Bitcoin and other cryptocurrencies represent "money substitutes.”

On September 26, 2014, Ukrainian capital hosted its first Bitcoin event - Bitcoin Conference Kiev. The Hall of Champions in NSC Olimpiyskiy gathered about 170 Bitcoin enthusiasts along with leading Ukrainian and foreign thought leaders.

Ukraine has been at the forefront of international news following a revolution, continued lack of political stability, and fears of a possible invasion by Russia after the annexation of Crimea. But it’s not all gloom and doom, and other important developments, such as gradually spreading awareness of Bitcoin, are also happening in Ukraine.