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The Economic Development and Trade Ministry of Ukraine initiates the adoption of the concept of state policy in the field of virtual assets, aiming to create understandable conditions for activities in the field of virtual assets and virtual currencies (cryptocurrency) for their legalization.
It is reported by the press service of the Economic Development Ministry.
The concept is expected to be implemented in two stages up to 2021.
At the first stage in 2018-2019, it is proposed to determine the legal status of cryptocurrency, as well as to recognize business entities that provide services for the exchange of cryptocurrency for traditional currencies and other way round.
At the second stage, in 2020–2021, it is envisaged to recognize the providers of virtual currency keepers as primary financial monitoring entities and to develop special legislation to regulate the usage of virtual assets, smart contracts and tokens.
The Economic Development Ministry has noted that the cryptocurrency legalization will increase revenues and foreign exchange in Ukraine, as well as create new high-paying jobs.
As The Journalist reported, now it is possible to pay cryptocurrency for vegetables on the Bessarabian market in Kyiv.
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