New Bill in Ukraine to Finally Let Crypto Firms Open Bank Accounts

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Local authorities are reportedly working on at least three separate bills, including one devoted to cryptocurrency taxation. In late 2019, the Ministry of Digital Transformation of Ukraine reportedly partnered with the world’s largest crypto exchange, Binance, to collaborate on local crypto legislation. According to Chobanian, BINANCE has not participated in authoring the bill “On Virtual Assets”, but is expected to give their feedback about the proposed law.

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