Ukrainian parliament votes for digital currency regulation

12 January, 09:58 PM
During martial law, the circulation of electronic money in Ukraine is limited, so it will be possible to use new opportunities after the war (Photo:goloszmin.org)

During martial law, the circulation of electronic money in Ukraine is limited, so it will be possible to use new opportunities after the war (Photo:goloszmin.org)

The Ukrainian parliament has passed the Bill №4366, which establishes digital payments taxation rules, Ukrainian MP Yaroslav Zheleznyak announced via a Telegram post on Jan. 12.

The decision was supported by 231 out of 418 sitting MPs.

The bill would legalize and regulate digital currency operations in Ukraine, establishing parity between digital wallets and ordinary bank account.

Once in force, the legislation would allow citizens to pay taxes with digital currency, along with utility payments – if the service provider accepts such payments.

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At the same time, Zheleznyak noted that digital currency circulation in Ukraine will remain limited under martial law, suggesting most of the effects of the law will become apparent after the war.

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