Ukraine wants to legalize crypto (again) - page 4.

migws

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Quote from: hatshepsut93 on September 27, 2019, 11:03:31 PM

This isn't on any crypto news sites yet, so I'll post the link to google translate of the original source - https://translate.google.com/translate?hl=en&sl=ru&tl=en&u=https%3A%2F%2Ftech.liga.net%2Ftechnology%2Fnovosti%2Fu-fedorova-pliniruyut-legalizovat-kriptovalyutu

In the past there was multiple laws submitted by MP's that aimed at legalization of cryptocurrency, but it seems like this issues wasn't important enough to even vote for it. But after the recent elections the parliament and government fully changed, and now Minister of Digital Transformation says he wants to legalize crypto, so that law enforcement would stop extorting miners and crypto traders/miners would start paying taxes. He also says that he wants to put government records on blockchain.

The new government has already started doing some reforms as soon as they got the power, so maybe there's a chance that they will indeed legalize crypto. But I don't think that this chance is too big - maybe they will be busy with other things again, and MP's simply won't have time to review and vote such a niche law.

Do you mean miners will pay electricity tax or a percentage of Bitcoin mining? And yet, will the government legalize exchanges, that is, control exchange customers by requiring data or you don’t know?

zeingrind777

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Quote from: fiulpro on September 28, 2019, 05:58:16 PM

I am living in Ukraine and I can tell you that the cryptocurrencies are very well accepted here , you can find stores where you can buy and sell using Bitcoins also at the same time you can in person make the deal regarding your cryptocurrencies and such , so the people have already accepted it more or so , the government have changed a lot , the new president is open about everything thus I think it will be easy for the cryptocurrencies to make a place in Ukraine .

an open-minded president is the welfare of the people. Even though Volodymyr is a former comedian, his open-minded thoughts about technology are very good. I'm very confident, after the cryptocurrency is legalized there, the people of Ukraine will become more prosperous

eaLiTy

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Quote from: hatshepsut93 on September 27, 2019, 11:03:31 PM

In the past there was multiple laws submitted by MP's that aimed at legalization of cryptocurrency, but it seems like this issues wasn't important enough to even vote for it. But after the recent elections the parliament and government fully changed, and now Minister of Digital Transformation says he wants to legalize crypto, so that law enforcement would stop extorting miners and crypto traders/miners would start paying taxes. He also says that he wants to put government records on blockchain.

The new government has already started doing some reforms as soon as they got the power, so maybe there's a chance that they will indeed legalize crypto. But I don't think that this chance is too big - maybe they will be busy with other things again, and MP's simply won't have time to review and vote such a niche law.

It is a really promising take from a government who wants to put every government records on the blockchain so that every entry is registered and cannot be altered at a later time. It wont be a niche law but the BTCitcoin market is growing at a rapid pace and it cannot be ignored by any government and they will be forced to come up with regulations to have a fair market. Even if there is no regulation people are bound to pay their taxes for the income they earned and majority are doing so to avoid issues in the future.

Artemis3

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Quote from: ABCbits on September 28, 2019, 04:02:12 PM

This reminds me with Bitcoin legality in China and India which changed few times already (fully legal, legal but restricted, unknown, illegal, etc.)

Quote from: Artemis3 on September 28, 2019, 02:56:12 PM

Taxing can probably be done to physical things within the country, such as to asic mining equipment import or mining sites.

Importing ASIC mining equipment (or any electronic equipment) already taxed by any country, i think they meant tax of miner's profit when they decide to sell their mined cryptocurrency.

What if you never sell it, how do you tax that?

A miner could actually have another business and use that entirely to pay for the mining operation, and spend none of the bitcoin (ie. holder).

Alternatively, most commonly, they would only exchange the minimal needed to keep operations running, pay bills and wages. Do you tax that?

And that begins with the miner disclosing to the gov their wallet address. And, is the tax paid in crypto? A % of the bitcoin in bitcoin? What if they mine some obscure altcoin nobody cares about?

Klausi

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Quote from: Digitalbitcoin on September 28, 2019, 11:41:25 AM

Governments with the favor of technology and transparency always take a positive move towards acceptance of Blockchain technology. Mainly governments having framework and infrastructure for technical implementation can bring real revolution in businesses. Ukraine is one of the well-known countries in tech issue.

So other countries also consider making crypto legalize.

Japan is the biggest example so far of a country that is open minded unlike any other country who banned it for their own selfish reason, my guess about it is that they are mad because they can't control it, but maybe other countries will start to accept cryptocurrencies to make a government that is even more productive and successful without any debt. Satoshi Nakamoto is a Japanese name, and that's the reason I think why Jaoanese didn't hesitate on investing in bitcoin.

Leonardo7

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Let them legalize cryptocurrency but asking them to start paying tax as at now is somewhat not a good move. The market is still evolving with a lot of volatilities. What happens if the miners are yet to make a good profit that covers start-up cost and operational cost? The government loves tax a lot and this hurts business.

Chmel

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Quote from: hatshepsut93 on September 27, 2019, 11:03:31 PM

This isn't on any crypto news sites yet, so I'll post the link to google translate of the original source - https://translate.google.com/translate?hl=en&sl=ru&tl=en&u=https%3A%2F%2Ftech.liga.net%2Ftechnology%2Fnovosti%2Fu-fedorova-pliniruyut-legalizovat-kriptovalyutu

In the past there was multiple laws submitted by MP's that aimed at legalization of cryptocurrency, but it seems like this issues wasn't important enough to even vote for it. But after the recent elections the parliament and government fully changed, and now Minister of Digital Transformation says he wants to legalize crypto, so that law enforcement would stop extorting miners and crypto traders/miners would start paying taxes. He also says that he wants to put government records on blockchain.

The new government has already started doing some reforms as soon as they got the power, so maybe there's a chance that they will indeed legalize crypto. But I don't think that this chance is too big - maybe they will be busy with other things again, and MP's simply won't have time to review and vote such a niche law.

Blockchain, crypto and etc words it difficult for Ukraine, country not prepared for crypto. I cant even imagine how it would be work here, I am from Ukraine and many people said about crypto that the its scam and dont want listening another. Ofcouse there are people who use crypto and made money, legalization for this people no need because they already use. They dont want to pay taxes. I will not say about living conditions, but there not pleasure.

yoseph

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Quote from: Bitcoin Seller on September 29, 2019, 10:42:04 AM

Quote from: drumamat on September 28, 2019, 11:23:33 AM

I only see information from this country in style ,, will,,.When the legislation is adopted, then it will be possible to talk about something constructive.If Liberland, with its small territory,has become a digital center, Ukraine can become a real digital center that no one has seen before.The potential is really huge.There is a wish that those who wants to introduce similar technologies passed from words to case.

Everything is possible with the new president in Ukraine. Now, they want to tax cryptocurrency transactions and the process of mining. Such a bill is registered in parliament. Everyone agrees that the law is needed, but there is no consensus on what and how it should be regulated. I guess that they would discuss this law for a long time as it is a too complicated task for Ukrainians now.

They have without doubt realized that they have been missing out on a lot of revenue by completely banning the cryptocurrency in their country and even with that, I am sure that the citizens were even using it secretly so the government just made a loss of revenue where they should have had a lot.

Bitcoin Seller

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Quote from: drumamat on September 28, 2019, 11:23:33 AM

I only see information from this country in style ,, will,,.When the legislation is adopted, then it will be possible to talk about something constructive.If Liberland, with its small territory,has become a digital center, Ukraine can become a real digital center that no one has seen before.The potential is really huge.There is a wish that those who wants to introduce similar technologies passed from words to case.

Everything is possible with the new president in Ukraine. Now, they want to tax cryptocurrency transactions and the process of mining. Such a bill is registered in parliament. Everyone agrees that the law is needed, but there is no consensus on what and how it should be regulated. I guess that they would discuss this law for a long time as it is a too complicated task for Ukrainians now.

milani

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Quote from: hatshepsut93 on September 27, 2019, 11:03:31 PM

This isn't on any crypto news sites yet, so I'll post the link to google translate of the original source - https://translate.google.com/translate?hl=en&sl=ru&tl=en&u=https%3A%2F%2Ftech.liga.net%2Ftechnology%2Fnovosti%2Fu-fedorova-pliniruyut-legalizovat-kriptovalyutu

In the past there was multiple laws submitted by MP's that aimed at legalization of cryptocurrency, but it seems like this issues wasn't important enough to even vote for it. But after the recent elections the parliament and government fully changed, and now Minister of Digital Transformation says he wants to legalize crypto, so that law enforcement would stop extorting miners and crypto traders/miners would start paying taxes. He also says that he wants to put government records on blockchain.

The new government has already started doing some reforms as soon as they got the power, so maybe there's a chance that they will indeed legalize crypto. But I don't think that this chance is too big - maybe they will be busy with other things again, and MP's simply won't have time to review and vote such a niche law.

This topic is really old enough about legalizing crypto...of course it is really profitable for the government. They really would like to control a lot of directions, but in Ukraine it works quite one-sided. So will see what it may be))))

Duzter

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Quote from: Kakmakr on September 29, 2019, 03:04:56 AM

When there are new people taking power, they always want to improve on what their predecessors did, so you often see laws changing when there are a change in the government leadership. Take Donald Trump for instance, in his election campaign it looked like he was Bitcoin friendly, because he surrounded him with pro-Bitcoin supporters, but when he got into power... the opposite happened. Roll Eyes

The government of the Ukraine first exempted Crypto currency transactions from taxes and then they realized that they created a loophole for people not to pay taxes and now they are reversing that decision. Cry

Yes, everytime governments try to show themselves advanced than the one ruled the country. This is common with every country's plan execution on different policies. Ukraine government giving exemption from taxes was much spoken. Now suddenly a plan change is truly disappointing. Anyhow they haven't gone completely against cryptocurrency like few countries around the globe. Somehow things associated with cryptocurrency activities were gonna get taxed.

Lalafell

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Quote from: hatshepsut93 on September 27, 2019, 11:03:31 PM

This isn't on any crypto news sites yet, so I'll post the link to google translate of the original source - https://translate.google.com/translate?hl=en&sl=ru&tl=en&u=https%3A%2F%2Ftech.liga.net%2Ftechnology%2Fnovosti%2Fu-fedorova-pliniruyut-legalizovat-kriptovalyutu

In the past there was multiple laws submitted by MP's that aimed at legalization of cryptocurrency, but it seems like this issues wasn't important enough to even vote for it. But after the recent elections the parliament and government fully changed, and now Minister of Digital Transformation says he wants to legalize crypto, so that law enforcement would stop extorting miners and crypto traders/miners would start paying taxes. He also says that he wants to put government records on blockchain.

The new government has already started doing some reforms as soon as they got the power, so maybe there's a chance that they will indeed legalize crypto. But I don't think that this chance is too big - maybe they will be busy with other things again, and MP's simply won't have time to review and vote such a niche law.

Since change is always happening every time and everywhere, Mikhail Fedorov, the Digital Transformation Minister of Ukraine plans to legalize the cryptocurrencies at their country, some of the countries today are now using cryptos for any kind of transaction of money. This can help the Ukraine to be aligned to with other countries that are now using cryptocurrency. According to Minister Fedorov, the main goal of the legalization of cryptos is the transfer registries to the blockchain, which is more faster, safer, and efficient transaction.

randegibran

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Ukraine have legal crypto become more popular of blockchain transaction in the world, need many country want to suppor cryptocurrency as legal payment and many chance to get bitcoin and altcoin with higher price.

abel1337

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Quote from: nara1892 on September 29, 2019, 05:27:04 AM

Quote from: fiulpro on September 28, 2019, 05:58:16 PM

I am living in Ukraine and I can tell you that the cryptocurrencies are very well accepted here , you can find stores where you can buy and sell using Bitcoins also at the same time you can in person make the deal regarding your cryptocurrencies and such , so the people have already accepted it more or so , the government have changed a lot , the new president is open about everything thus I think it will be easy for the cryptocurrencies to make a place in Ukraine .

maybe it would be better if Ukraine made cryptocurrency
requires and teaches its citizens how to use cryptocurrency
thus making many people in the world can invest in a cryptocurrency which makes the Ukrainian economy better.

I agree, they are one step closer in creating a successful coin that Ukrainian can use in their own country. Getting crypto legal on a country is a big deal not only on the country but on bitcoin industry as it will affect the price of bitcoin.

I'm hoping that every country has an open mind about crypto.

nara1892

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Quote from: fiulpro on September 28, 2019, 05:58:16 PM

I am living in Ukraine and I can tell you that the cryptocurrencies are very well accepted here , you can find stores where you can buy and sell using Bitcoins also at the same time you can in person make the deal regarding your cryptocurrencies and such , so the people have already accepted it more or so , the government have changed a lot , the new president is open about everything thus I think it will be easy for the cryptocurrencies to make a place in Ukraine .

maybe it would be better if Ukraine made cryptocurrency
requires and teaches its citizens how to use cryptocurrency
thus making many people in the world can invest in cryptocurrency which makes the Ukrainian economy better.

Arsenyo

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I used to be skeptical about this before. But now, when Ukraine has new president with modern view of things, I believe in this attempt. There are already a lot of shops, cafés and hotels which accept bitcoin as payment method. The country is ready. So, I believe this time everything goes as it should be.

timerland

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Great news. Goverments are benefiting a lot from adopting new technologies fast, and the more countries that are adopting BTC, the more other countries will be pressured to adopt the new currencies.

Quote from: Kakmakr on September 29, 2019, 03:04:56 AM

When there are new people taking power, they always want to improve on what their predecessors did, so you often see laws changing when there are a change in the government leadership. Take Donald Trump for instance, in his election campaign it looked like he was Bitcoin friendly, because he surrounded him with pro-Bitcoin supporters, but when he got into power... the opposite happened. Roll Eyes

The government of the Ukraine first exempted Crypto currency transactions from taxes and then they realized that they created a loophole for people not to pay taxes and now they are reversing that decision. Cry

Politicians are like that. They try and manipulate the crowds as they see please, for as much power and money as possible - and they often then change their views back.

I want to see how they go with this, could this just be a ploy?

Kakmakr

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When there are new people taking power, they always want to improve on what their predecessors did, so you often see laws changing when there are a change in the government leadership. Take Donald Trump for instance, in his election campaign it looked like he was Bitcoin friendly, because he surrounded him with pro-Bitcoin supporters, but when he got into power... the opposite happened. Roll Eyes

The government of the Ukraine first exempted Crypto currency transactions from taxes and then they realized that they created a loophole for people not to pay taxes and now they are reversing that decision. Cry

CODE200

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Quote from: hatshepsut93 on September 27, 2019, 11:03:31 PM

This isn't on any crypto news sites yet, so I'll post the link to google translate of the original source - https://translate.google.com/translate?hl=en&sl=ru&tl=en&u=https%3A%2F%2Ftech.liga.net%2Ftechnology%2Fnovosti%2Fu-fedorova-pliniruyut-legalizovat-kriptovalyutu

In the past there was multiple laws submitted by MP's that aimed at legalization of cryptocurrency, but it seems like this issues wasn't important enough to even vote for it. But after the recent elections the parliament and government fully changed, and now Minister of Digital Transformation says he wants to legalize crypto, so that law enforcement would stop extorting miners and crypto traders/miners would start paying taxes. He also says that he wants to put government records on blockchain.

The new government has already started doing some reforms as soon as they got the power, so maybe there's a chance that they will indeed legalize crypto. But I don't think that this chance is too big - maybe they will be busy with other things again, and MP's simply won't have time to review and vote such a niche law.

A chance is still a chance even though it is not that big. I think the reason why they are constantly ban and the legalize the bitcoin again is that they've seen flaws in the crypto and they want to legalize it again because they see a good side in it.

senin

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Quote from: Micerker on September 28, 2019, 05:33:36 PM

Ukraine is one of the countries in the economic crisis, so in this country is at risk of inflation if the government does not control it. While accepting cryptocurrencies may create a new opportunity for this country, Cryptocurrency will create international investment opportunities with large anonymous sums of money, but this assistance will make the economy in this developed country.

There is no economic crisis in Ukraine now. The rate of its national currency - hryvnia against the dollar and the euro, on the contrary, has strengthened. Ukraine is now undergoing military aggression from Russia, which invaded its tanks and has already seized part of the territory of Ukraine. Therefore, the development of Ukraine takes place in a state of hybrid war with Russia, which does not want to acknowledge its invasion, and sends its troops to Ukraine secretly, after having fired them from the army. By such actions, Russia has put itself in a hopeless situation and will ultimately be defeated, which is already obvious.

Topic: Ukraine wants to legalize crypto (again) - page 4. (Read 2822 times)