Ukraine legalized operations with cryptocurrency

On September 8, the Verkhovna Rada of Ukraine adopted in the second reading and in general the bill “On Virtual Assets”,regulating operations with cryptocurrencies in the country. The document was supported by 276 deputies.

The law will come into force after the adoption of amendments to the Tax Code concerning the taxation of transactions with virtual assets (VA). This document has not yet been adopted.

According to the document, IA are recognized as an intangible benefit. They are divided into secured and unsecured.

VAs are not a means of payment in Ukraine and cannot be exchanged for property or services.

Market participants obtained the right to judicial protectionrights to VA, to open bank accounts for settlements on transactions with VA, as well as independently determine and set the value of VA in the course of transactions.

They are also required to comply with anti-money laundering and anti-terrorist financing laws.

The document introduces the definition of financial IA,the issuer of which must be a resident of Ukraine. They can be backed by currency values ​​- in this case, the turnover is regulated by the National Bank, as well as securities or derivatives - regulated by the National Commission on Securities and Stock Market.

Let us remind you that on December 2, the Verkhovna Rada adopted the bill “On Virtual Assets” in the first reading.

By the second reading the document had changed, howeverUkrainian financial regulators have criticized the updated draft law. The text was subsequently updated again to take into account the comments. In June, the Digital Transformation Committee recommended passage of the bill.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	Exmo	https://exmo.me	6.9
4	OKEx	https://okex.com	6.5
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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