SsamziegangSerenadeMelody
Wed Jul 17 2024
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5 answers
1630
Can foreign crypto exchanges operate legally in Ukraine?
Inquiring minds may be wondering, can foreign crypto exchanges operate legally in Ukraine? Well, the answer is yes. Ukraine has recently taken strides in legalizing the crypto industry, with President Zelensky signing the 'Virtual Asset Law' that explicitly allows foreign and domestic crypto exchanges to operate legally. This law, passed by the Ukrainian parliament in February, has paved the way for the establishment of a legitimate virtual asset market in the country, overseen by the National Securities and Stock Market Commission. The law defines the legal status, classification, and ownership of virtual assets, sets out registration requirements for virtual asset service providers, and outlines financial monitoring measures in this domain. Therefore, foreign crypto exchanges can indeed operate legally in Ukraine, providing a new avenue for crypto enthusiasts and investors in the country.
