Ukraine legalizes cryptocurrency and mining for taxation

The Ukrainian government, which has shown little sympathy for cryptocurrencies in the past, has taken a look at themfrom a different angle and realized that this industry canThere are good taxes, but for this crypto needs to be legalized.

Ministry of Digital Transformation of Ukraineplans to legalize Bitcoin and other cryptocurrencies. The corresponding initiative came from the current head of the Ministry of Digital Development, Mikhail Fedorov, writes Liga.Net with reference to the statement of Alexander Bornyakov, who will be appointed one of the deputy ministers.

He stressed that although cryptocurrencies are not prohibited in Ukraine, they also do not have an official status. Legalization is necessary, among other things, in order, for example, to protect business from searches.

“People who do this [cryptocurrency] should get out of the gray zone and start paying taxes.”- said Alexander Bornyakov during the presentation of the state brand in a smartphone.

As noted, the Ukrainian authorities want to “earn mining” and in the future, the state could “earn from cryptocurrency traders.”

It is also planned to transfer state registries to the blockchain.

The Minister of Digital Transformation of Ukraine himself said in an interview with Ukrayinska Pravda that his key task is to turn the state into a service.

“I want to turn the state into a simple service,most convenient and inconspicuous. So that when you interact with the state, you feel comfortable, just like you order Uber, book a room on Booking or Airbnb. That the service for you was just a simple tool, and you did not feel at the same time any destructive emotions and thoughts ”- said Mikhail Fedorov.

Let us recall that earlier in September in the Verkhovna RadaIn Ukraine, an inter-factional parliamentary group Blockchain4Ukraine was created, whose goal is the introduction of blockchain technology into the country's government structures.

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