Ukraine legalizes cryptocurrency as it receives millions in crypto donations

Ukraine welcomes the crypto sector as donations flood in

Ukrainian President Volodymyr Zelenskyy has signed into law a bill thatin the country. The decision comes as Ukraine has received cryptocurrency donations worth tens of millions of dollars from individuals and groups hoping to help the country’s war effort against Russia.

The bill signed by Zelenskyy was approved by Ukraine’s parliament last month and “creates conditions for the launch of a legal market for virtual assets in Ukraine.” It allows Ukrainian banks to open accounts for crypto firms; appoints the National Bank of Ukraine and the National Commission on Securities and Stock Market as financial watchdogs for the sector; and,

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