Ukraine plans to regulate cryptocurrencies

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2018-05-25
Ukraine plans to regulate cryptocurrencies

On May 14, the Council of the European Union formally approved the Directive on combating money laundering (2015/849), in which, in particular, it consolidated the concept of “virtual currency”. In accordance with the Association Agreement with the EU, Ukraine must implement these amendments within 21 months. In his post on Facebook, Goncharuk said that on May 24 a meeting was held in the format of a public dialogue between state authorities and market representatives designed to identify the main provisions that need to be taken into account when creating a crypto currency law in the country.

The meeting was attended by Chairman of the Verkhovna Rada Committee on Informatization and Communications Alexander Danchenko, Director of the Capital Markets Development Strategy Department of the National Commission for Securities and Stock Market Maxim Libanov, Director of the Department for Enterprise Development and Regulatory Policy Denis Gutenko, People’s Deputy of Ukraine Alexei Mushak and Managing Partner of Juscutum law firm Artem Afyan.

“It is worthwhile to understand that even bad, but stable rules are better than good, but constantly changing. But the worst thing that the state can do is to refrain from creating or at least clarifying the rules of work in the market, “Goncharuk said.
In addition, the meeting will discuss the Green Book “Regulation of the Crypto-Currency Market” prepared by BRDO experts.

“It briefly tells why the cryptocurrency in Ukraine has already been resolved, and are no longer “incomprehensible”. And also why the two key court decisions on the cryptocurrency are based on false facts (due to confusion between the European Court of Human Rights and the EU Court), and therefore the decision to release operations with cryptocurrencies from the payment of VAT can be canceled,”said Alexei Goncharuk.
As a result of the meeting, the Office for Effective Regulation will make recommendations to the Cabinet of Ministers of Ukraine regarding the state policy regarding the cryptocurrency market.

CRYPTOCURRENCIES
  • bitcoinBitcoin$3,611.65
  • rippleXRP$0.322807
  • ethereumEthereum$120.13
  • tetherTether$1.00
  • eosEOS$2.43
  • stellarStellar$0.106476
  • litecoinLitecoin$30.98
  • cardanoCardano$0.043760
  • tronTRON$0.024008
  • moneroMonero$44.67
  • iotaIOTA$0.309694
  • nemNEM$0.056539
  • dashDash$70.16
  • neoNEO$7.58
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