March 28, 2024

Ukraine presented a roadmap for the development of the digital asset industry

Ukraine presented a roadmap for the development of the digital asset industry

The Ministry of Digital Transformation, in collaboration with other departments, has developed a development plandigital industry in the country.

Within 3-5 years, Ukraine plans to create favorable conditions for the development of digital technologies and the integration of cryptoassets into the country's financial system. The roadmap involves several steps:

  • September 2021 adoption of bill No. 3637 “On virtual assets”.
  • January 2022 creation of a regulatory framework for the implementation of tokenized financial instruments.
  • January 2023 the creation of a free economic zone for the digital asset industry.
  • October 2023 introduction of automated taxation for digital market participants.

The document includes the creation of educational programs to train blockchain industry specialists and improve digital literacy.  

Subject to the developed plan, in three years, about half of the population will use digital assets, and Ukraine will enter the top 10 cryptocurrency countries.

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