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Topic: So, Ukraine is the Latest Bitcoin Friendly Country? - page 2. (Read 519 times)

newbie
Activity: 224
Merit: 0
Ukraine can not be so happy at the expense of Ukraine. They then legalize, but on what terms. Itself from there and with care I treat their words. In general, time will tell.
newbie
Activity: 107
Merit: 0
we really need this kind of news in this bear season and hope the other countries will follow the steps of Ukraine and open new ways of business for the crypto world.


Agree to that,online business like bitcoin is more profitable when spreading to other country.Now in Ukraine,hopefully will go globaly.The more coins you get will doble your money back.
member
Activity: 532
Merit: 15
A very positive move of Ukraine and it will give Bitcoin Miners some good hope.
newbie
Activity: 160
Merit: 0
Yes, Ukraine has been very open to bitcoin in the last few years. Some of my friends are now working in mining in Ukraine. In this country, there is a power resource for bitcoin mining, which is cheaper.
newbie
Activity: 13
Merit: 0
I heard Ukraine is going to legalize the Bitcoin. The government in Kiev has taken concrete steps to legalize cryptocurrency mining. Ukraine’s Minister of Economy has ordered several ministries, agencies, and the National Bank to prepare the documents necessary to include mining in the state register of economic activities.This is a pleasure, Thanks Ukraine government. Welcome bitcoin friendly country list .

Source: https://news.bitcoin.com/ukraine-to-legalize-crypto-mining-as-economic-activity/

Im not sure
newbie
Activity: 182
Merit: 0
I heard Ukraine is going to legalize the Bitcoin. The government in Kiev has taken concrete steps to legalize cryptocurrency mining. Ukraine’s Minister of Economy has ordered several ministries, agencies, and the National Bank to prepare the documents necessary to include mining in the state register of economic activities.This is a pleasure, Thanks Ukraine government. Welcome bitcoin friendly country list .

Source: https://news.bitcoin.com/ukraine-to-legalize-crypto-mining-as-economic-activity/

This legalization, if it will be carried out, with one goal: to force to pay taxes. I think for this government of Ukraine, the tax at 25-30% is normal.
member
Activity: 1302
Merit: 25
"The second draft law states that cryptos are financial assets".

This is a very mouth warning information. Ukraine will write its name in the anas of history soon and I believe this will give cryptocurrency the age over financial payment system because of the decentralized advantages.
newbie
Activity: 11
Merit: 0
Thats a true mate.

About Ukraine... Now this country will be friendly for all western trends. Like - we are progressive and modern. But I don't believe in it. It is just a show. It is not for a people.
sr. member
Activity: 1344
Merit: 261
Ukraine must be proud of this since it can greatly boos their economy and will be a big contribution to the community also, I think that the Government of Ukraine would be able to manage everything in order, though I'll be observing well their economy with the help of BTC.
jr. member
Activity: 210
Merit: 1
Ohh thats the reason why mostly I get lots of friend request from Ukraine.I got lots of fb friend request and mostly are from Ukraine.All of them are connected to crypto.Thats a great news then from Ukraine because their country is legalizing bitcoin, unlike other countries they banned bitcoin.
full member
Activity: 434
Merit: 110
I heard Ukraine is going to legalize the Bitcoin. The government in Kiev has taken concrete steps to legalize cryptocurrency mining. Ukraine’s Minister of Economy has ordered several ministries, agencies, and the National Bank to prepare the documents necessary to include mining in the state register of economic activities.This is a pleasure, Thanks Ukraine government. Welcome bitcoin friendly country list .

Source: https://news.bitcoin.com/ukraine-to-legalize-crypto-mining-as-economic-activity/

Ukraine is an oligarch land, where people still steal money like in the 90s in Russia, but nowadays they do it fully legal on government level.
This law is mostly for politicians who managed to get a lot of crypto in 2017, so now it should be legal  Smiley so they can spend on yachts, cars, appartaments, etc.
Ukraine is trying to boost pockets of rich people to make them more richer, for the country this law doesn't mean that much, as mostly in Kiev you can see blockchain expos which are just gathering money, promoting startups and providing 0 progress to the industry itself, which is actually a common problem of such type of events worldwide.
Ukraine still is a very poor economy country, and this law could only help to boost it, but sadly, this won't happen because people from government will take all for themselves.
member
Activity: 308
Merit: 21
I heard Ukraine is going to legalize the Bitcoin. The government in Kiev has taken concrete steps to legalize cryptocurrency mining. Ukraine’s Minister of Economy has ordered several ministries, agencies, and the National Bank to prepare the documents necessary to include mining in the state register of economic activities.This is a pleasure, Thanks Ukraine government. Welcome bitcoin friendly country list .

Source: https://news.bitcoin.com/ukraine-to-legalize-crypto-mining-as-economic-activity/

I extracted following from article you shared.  
Quote
    Three drafts have been introduced in the Verkhovna Rada (Ukraine parliament) since October.
  • The first bill defines cryptocurrency as property that can be exchanged for goods and services.
  • The second draft law states that cryptos are financial assets.
  • A third, supplementary bill amends the tax code to introduce tax exemptions for profits and incomes from crypto trading and mining.
    Some reports in February suggested that Ukrainian legislators may separate crypto mining and cryptocurrencies in the new legislation.
Let Ukraine government pass these bills first before we place them in the crypto friendly country list.
full member
Activity: 434
Merit: 103
Thinking on the higher plane of existence.
I would personally not invest in Ukraine, at least not now. It might be actually one of the most cheapest places to mine Bitcoin. There are many Ukrainians who come to Poland and buy GPUs and other mining equipment and then take it back to Ukraine in order to use them in their mining farms. I would recommend anyone to wait and observe the situation in the Ukraine carefully. Nobody would want to lose money because of government changing the law constantly.

That might be a good idea and I would suggest it to my friends and relatives. May be one year is enough to observe if the law established is stable and will not meet any further revisions.

Whoah! Ukraine took a big step towards cryptocurrency. And also they will not have to pay taxes for mining crypto.


I am not sure about taxation. They created some laws, so every state employee has to notify tax department about it's savings in cryptocurrency. I heard about it last year. so, what is the reason?

Why would they tax crypto mining? People may pay for the legalization of business but I don't think that they can tax crypto since it is not something that the nation do not own. Maybe the electricity but people are paying for it.
newbie
Activity: 72
Merit: 0
I have already heard that Ukraine has been known to be the last Bitcoin friendly country. It means that Ukraine gives legitimacy to the use of Bitcoin. Bitcoin will develop their country's economy and help the people of the country earn money. I hope Bitcoin will be accepted globally once.
full member
Activity: 392
Merit: 137
It's one thing to declare one's intentions and another thing to put them into practice. Ukraine has not yet adopted a law on the crypto currency in which at least the status of the crypto-currency will be determined. How can I regulate what is not? I think that it will be a long time before the Ukrainian government legalizes crypto-currencies.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
as a rule of thumb all countries are friendly towards bitcoin unless proven otherwise. and when i say proven you need legit sources showing you the government has passed a law against bitcoin otherwise the news and the media is filled with false information about bitcoin in different countries!
hero member
Activity: 1176
Merit: 509
Wow! So Ukraine is now the newest addition to the country who will be on top few years from now because they embraced changes. I truly believe that those countries who started to adapt cryptocurrency early will be prosperous in the future. Blockchain is the future of business industry. It will be the richest industry in the future.
hero member
Activity: 896
Merit: 1008
Free crypto every day here: discord.gg/pXB9nuZ
Whoah! Ukraine took a big step towards cryptocurrency. And also they will not have to pay taxes for mining crypto.


I am not sure about taxation. They created some laws, so every state employee has to notify tax department about it's savings in cryptocurrency. I heard about it last year. so, what is the reason?
jr. member
Activity: 336
Merit: 5
Most Advanced Crypto Exchange on the Blockchain
Great news that another country is warming to bitcoin. The Philippines are legalising it and now the Ukraine. Nice to have some diversity rather than similar countries doing it. Makes it more interesting for hodlers who like to travel
newbie
Activity: 70
Merit: 0
For now ukraine but i think it will change soon any many new countries will add in this list.
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