Topic: [2018-02-05] Ukrainian Law May Separate Mining from Cryptocurrencies (Read 97 times)

Ukrainian legislators should separate the regulation of crypto mining from the legal status of cryptocurrencies. The new approach was proposed by the chairman of an important parliamentary committee who criticized law enforcement agencies for cracking down on crypto miners. Police confiscated mining equipment in a series of raids this week. Authorities claim that coins have been used to finance pro-Russian separatists.

Ukrainian deputy Olexandr Danchenko, head of the Committee for Informatization and Communications in the Rada, suggested that cryptocurrencies and crypto mining should be regulated separately. He condemned Ukraine’s security services for pressuring miners. “Mining is just calculation”, the MP said during a meeting with digital market experts, business executives and government officials in Kiev.

“Ukraine’s share of the global cryptocurrency mining market has shrunk to just 3%”, Danchenko noted, quoted by Interfax-Ukraine. “Separate mining from cryptocurrencies”, he appealed during the consultations. Ukraine’s Deputy Prime Minister and Minister of Economic Development Stepan Kubiv agreed that the issue could be resolved by drafting a relevant bill.

Olexandr Danchenko warned that many Ukrainian miners are leaving the country because of the crackdown by authorities. “Canada is creating optimal conditions for mining and our guys invest their money there”, he said.

More info - https://news.bitcoin.com/ukrainian-law-may-separate-mining-from-cryptocurrencies/