Ukraine, a state policy to legalize crypto is close

The Economic Development and Trade Ministry of Ukraine has initiated a “state policy” for the classification and legalization of crypto-related activities. Marie Huillet on Cointelegraph writes that the National Bank of Ukraine (NBU) is considering a state digital currency tied to the local fiat currency, the hryvnia, which would be centralized and remain under government control.
Numerous initiatives have been made in recent months to carry out the project: last May a member of parliament issued a copy of an apparent draft legislation document for crypto, in September the local parliament proposed a draft bill that, if signed into law, would levy a five percent tax on individuals’ and entities’ crypto holdings and at the beginning of this month an alternative bill proposing specific crypto tax exemptions was put forward by a Ukrainian legislator.