Sorry to break the news to you friend, but Ukraine had never made Bitcoin illegal. Even before this law had passed, no one was going to get caught or prosecuted and sent to jail or fined for using/trading Bitcoin.
The only thing this law does is regulate crypto, which can be good for business, but the restrictions also limit the use of it for other than purposes defined.
Topic: Good News: Ukraine has legalized Bitcoin - page 4. (Read 512 times)
This kind of news is good, but I think you are wrong to equate El Salvador with Ukraine. In El Salvador Bitcoin is an official currency. On the other hand in Ukraine what happened until now is that there was no regulation on cryptocurrencies and the law that has been passed regulates them as a financial asset but not as a currency with which you can pay taxes:
"Although virtual assets are now legitimate in Ukraine, Ukrainians cannot use them as a means of payment or exchange for goods or services — only the official national currency, the hryvnia, has this power. However, Ukrainians can own, exchange and trade cryptocurrencies using local or foreign exchange platforms registered in Ukraine."
"Although virtual assets are now legitimate in Ukraine, Ukrainians cannot use them as a means of payment or exchange for goods or services — only the official national currency, the hryvnia, has this power. However, Ukrainians can own, exchange and trade cryptocurrencies using local or foreign exchange platforms registered in Ukraine."
Ukraine has legalized #Bitcoin. Really A another Good news for all the crypto communities.
What do you think some more countries will initiate for the same?
What do you think some more countries will initiate for the same?
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