Ukrainian President Zelensky Signs Law Legalizing Bitcoin Today

Posted on

  • The President of Ukraine signed the “On Virtual Currency” bill into law on March 16, 2022.
  • The document outlines regulatory agencies, fines for violations, and investor protections allowing an open cryptocurrency market.
  • The law was passed by parliament in September, to later be vetoed by President Zelensky as he expressed concerns of funding for a new regulatory agency, and the now amended bill addresses these issues.

President Volodymyr Zelensky of Ukraine has officially signed into law the structure upon which Ukraine will build bitcoin and other cryptocurrency markets, legalizing the emerging market in a way that is “bringing the crypto sector out of the shadows,” according to a translated press release from the Ministry and Committee for Digital Transformation of Ukraine.