Topic: [2018-06-24] No License Needed to Mine Cryptocurrencies in Ukraine (Read 138 times)
In the Verkhovna Rada of Ukraine there are three generally quite good bills relating to the crypto currency. Among them, one of them, introduced by the relevant committee, provides for the recognition of the crypto currency as a means of payment and its complete exemption from payment of any taxes. However, the current deputies of Ukraine are extremely lazy, they rarely go to the meeting and very few bills are successful. Apparently, this year they will not pass any laws on the crypto currency, and next year they will be re-elected. Maybe the people this time will be smarter and will not choose again.
June 24, 2018, 01:16:56 PM
The law on the regulation of the foreign exchange market was an amendment on cryptocurrencies but it was not supported by parliamentarians. The motivation was such that the law concerns currencies and cryptocurrencies are not recognized as currencies and should be regulated by other laws. This Parliament adopts only corruption laws and therefore do not expect anything good from it. But among the parliamentarians, many have several thousand bitcoins.
indeed,if you read their tax declaration,you would be amazed
maybe not several thousand bitcoins,but many do have hundreds of coins,let me remind you, 100 bitcoins is >600.000$ at current prices
bitcoins for them are used as a way to legalize the stolen corrupt money
now that they declared it,it is perfectly legal,even if bitcoin is still in the grey area
they do want to tax the miners,but do not want to accept bitcoins as a legal tender and money,a conundrum here
June 24, 2018, 11:58:19 AM
The law on the regulation of the foreign exchange market was an amendment on cryptocurrencies but it was not supported by parliamentarians. The motivation was such that the law concerns currencies and cryptocurrencies are not recognized as currencies and should be regulated by other laws. This Parliament adopts only corruption laws and therefore do not expect anything good from it. But among the parliamentarians, many have several thousand bitcoins.
June 24, 2018, 11:38:22 AM
Ukrainian miners make around 100 mil $ annually.
Crypto mining is just one of the segments of the country’s crypto industry awaiting comprehensive regulation.
Ukrainian authorities have so far failed to meet these expectations.
Three draft laws have been filed in the Rada since October but deputies have not made any significant progress towards their adoption. These are the bill “On the Circulation of Cryptocurrency in Ukraine”, the law “On Stimulating the Market of Cryptocurrencies and Their Derivatives”, and a supplementary draft covering taxation of crypto incomes and profits. Moreover, the recently adopted Currency Law did not even mention cryptocurrencies.
Read more:
https://news.bitcoin.com/no-license-needed-to-mine-cryptocurrencies-in-ukraine/
Crypto mining is just one of the segments of the country’s crypto industry awaiting comprehensive regulation.
Ukrainian authorities have so far failed to meet these expectations.
Three draft laws have been filed in the Rada since October but deputies have not made any significant progress towards their adoption. These are the bill “On the Circulation of Cryptocurrency in Ukraine”, the law “On Stimulating the Market of Cryptocurrencies and Their Derivatives”, and a supplementary draft covering taxation of crypto incomes and profits. Moreover, the recently adopted Currency Law did not even mention cryptocurrencies.
Read more:
https://news.bitcoin.com/no-license-needed-to-mine-cryptocurrencies-in-ukraine/
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