The Ukrainian government passed a bill that lets banks take on digital asset company accounts, which means that citizens would receive protection in case of theft.
Crypto was, for some time, in a rather gray area in the country, legally speaking, despite the fact that in 2020, it became the country with the most adopters of digital assets.
The bill is planned to go into effect sometime in the next months if the president signs it. The tax code would also need to be amended.
The draft bill mentions that the law will regulate legal relations in connection with the turnover of crypto in the country and also contour the rights and obligations of digital asset market participants.
The bill doesn’t mention crypto being used as a tool of payment for goods and services like it is happening in El Salvador, but citizens would be allowed to buy and trade crypto freely while the blockchain business would be free to work directly with the banking system.
Source: FXStreet.com