Ukraine legalizing crypto payments
Ukraine is all set to welcome virtual currencies as a form of payments for its people which will allow the person to trade and can provide crypto payment services in the country.
this step has been taken as a measure for anti money laundering standards where the crypto will be treated as a form of property which lets the users exchange it as a medium which will help to trade for many things ahead.
The new law that has been passed will follow a guideline which will be monitoring and reporting as per the financial compliance.
A big step forward i must say finally coming in from UKRAINE which will be a great boost for mass adoption where the normal people will be came to know about this form of currency which they can trade now legally.
What's your take on this ?
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It's hard to say what the implications will be, but I am hopeful whenever a country is friendly towards cryptocurrency. The less that monetary instruments are used as a means of control/manipulation of the masses, the better.
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Ukraine is my native country, I hope the adoption of investment friendly laws will help expand the great people of the country. They should adopt and look at The Republic of Georgia for similar laws. Georgia is booming as far as construction.
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