March 4, 2024

Large cryptocurrency exchanges want to enter the Ukrainian market

Large cryptocurrency exchanges want to enter the Ukrainian market

Head of the Council of the Ukrainian Venture and Private Capital Association (UVCA) Andrey Kolodyuk spoke aboutinterest in entering the Ukrainian market of the three largest cryptocurrency exchanges.

Although the UVCA representative did not mention whichplatforms we are talking about, in his words, “several global cryptocurrency exchanges” are considering the possibility of legally opening a representative office in Ukraine. Kolodyuk considers the creation of a legislative framework and regulation of the digital asset market in Ukraine a priority issue that must be resolved in order for foreign exchanges to operate in the country.

Foreign investors are primarily interested in the possibility of obtaining a work license and the possibility of legal cooperation with banks that support crypto transactions.

Recall that soon the Ukrainian government willA bill on taxing industria was considered, as well as a bill classifying cryptocurrencies and tokens. The documents also prescribe the rules for servicing crypto accounts in banks and the requirements for compliance with AML and the latest FATF recommendations.