They are going to legalize cryptocurrency in Ukraine

The cryptocurrency legalization has become one of the Digital Ministry plan. The Ministry of Digital Transformation intends to bring into Ukraine the international payment system PayPal and determine the legal status of cryptocurrencies, said Deputy Prime Minister and Minister of Digital Transformation Mikhail Fedorov at the Ministry presentation

“We are now actively working with PayPal. We understand the problems, we understand why this did not work out before. There are, in fact, big problems, but we really hope that we can send the right signal and politically resolve this issue, and PayPal will work” – he said.

Fedorov also noted that determining the legal status of cryptocurrencies will help to legalize activities related to them, such as the purchase and sale of cryptocurrencies, as well as their mining, and will lead market players out of the “gray” zone, which will act as an incentive for additional budget revenues from taxes .

The Ministry of Digital Transformation in Ukraine announced plans in the next three years to provide access to high-speed Internet for residents of all settlements and all social facilities and to legislatively determine the minimum Internet speed in Ukraine. Later, the Minister of Digital Transformation said that Ukraine in three years will enter the TOP-3 countries in the field of open data in the world.

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On September 27, the Ministry of Digital Affairs announced that within five years it would transfer the provision of all services to digital format.

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