Calls for “Legal Bitcoin” in Ukraine, as Natsbank Mulls E-Fiat

Ukraine, now serious about crypto regulation, is setting up a special working group to oversee the completion of the necessary framework. Dedicated legislation has been making its way through parliament since October. The National Bank is considering plans to emit “e-hryvnias”, while the justice minister says bitcoin is a fact and calls for its legalization.

Crypto Matters in Ukraine’s Security
Cryptocurrencies have been addressed as a major topic of discussion during a meeting of the National Cybersecurity Coordination Center on Thursday. Participants took a closer look at what they referred as “uncontrolled circulation of cryptocurrencies on the territory of Ukraine”, Froklog reported. According to representatives of Ukraine’s National Bank, Security Service and National Police – the absence of control and the anonymity of transactions create conditions for laundering money acquired through criminal activities. Unsurprisingly, Ukrainian officials also noted the possible use of cryptos to purchase illicit goods, like drugs and weapons. The “black list” would’ve been incomplete if financing terrorism was not mentioned, and so it was.