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  Ukraine: decision on cryptanalysis in three weeks | Bit Updates
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Ukraine: decision on cryptanalysis in three weeks

Monday, September 4th, 2017 | bitcoin updates

The Ukrainian government has announced that it intends to make a decision on the legal status of cryptanages in Ukraine in three weeks.

The Cabinet of Ministers, the highest executive body in Ukraine, has set itself the objective of coming to a decision on the legal treatment of cryptic diseases in Ukraine over the next three weeks. This is to be done in consultation with the Ukrainian Ministry of Finance, the Ukrainian Central Bank and the Ukrainian Parliament, the country's blockchain community will be involved in the decision-making process.
Tymofiy Mylovanov, deputy chairman of the Central Bank, emphasized that participants in the meeting were aware of the importance of blockchain and digital currencies. They see the need to develop the industry, create a reasonable regulatory framework and ensure protection against misuse.
The chairman of the Ukrainian stock market regulator Timur Khromaev said that blockchain, bitcoin and other tokens are already part of the financial market of the country and therefore need a regulatory framework.
Yakiv Smoliy, the temporary head of the central bank, claimed that the central bank would neither recognize nor forbid Bitcoin. It does not fall under a definition which the bank uses to describe a currency. He sees the establishment of a definition as a logical consequence for the decision in three weeks.
English original version via countelegraph.

About Tobias SchmidtTobias has been working as an editor of BTC-ECHO since August 2017.View all posts by Tobias Schmidt

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