Ukraine to Legalize Crypto Mining
Regulation news
The Ukrainian cabinet says it plans to legalize
cryptocurrency mining “within the next two to
three years,” and will attempt to “attract
international cryptocurrency exchanges” to the
country. The Ministry for Digital Transformation
posted on Facebook, stating that over 50
parliamentarians were joined by business
leaders and government officials for a briefing
session on blockchain policy. The move will also
see the Ministry of Finance work on “the
development of virtual assets” at an “urgent” pace.
British and international exchanges have asked
UK regulatory board the Financial Conduct
Authority (FCA) to ditch its proposed ban on
the sale of cryptocurrency derivatives to retail
consumers. The FCA has expressed a desire to
place restrictions on crypto derivative offerings,
but the World Federation of Exchanges has called
for a review, alleging that the FCA’s move
would unfairly restrict customer choice.
