Ukraine’s Digital Ministry said crypto exchanges will operate legally and banks in the country will open accounts for them.
The country will be tasked with “determining the order of circulation of virtual assets” and issuing permits to providers.
A previous version of the bill was rejected by Zelensky in September 2021. The new bill was passed through Ukrainian parliament on Feb. 17, 2022.
Why It’s Important:Ukraine has received over $100 million in cryptocurrency donations to help with relief efforts during its war against Russia. Cryptocurrency funds have also been used to help support the military.
The legalization of cryptocurrency in Ukraine comes as more countries are speaking out either in favor of crypto or in favor of more regulation.
Crypto Currencies were banned in the Ukraine until earlier today. So what happened that they would be unbanned? How does it benefit (((Zelensky))) and his handlers to do this?
Ukraine, like many former Soviet states, has battled corruption and a severe dearth of international funding since gaining independence in 1991. So maybe that is why the Ukrainian government took the unusual step of tweeting out crypto wallet codes for global financing through both bitcoin and Ethereum – the two most popular digital tokens – from official accounts. “Stand with the people of Ukraine Now accepting cryptocurrency donations,” wrote Mykhailo Fedorov, Ukraine’s vice-prime minister, on 26 February. Non-profits and local businesses in the besieged country have mirrored the government’s request. The Kyiv Independent, an English language newspaper in the capital city, is accepting patronage through bitcoin.
Sure, the Ukraine is a completely corrupt country. However, I strongly doubt this is being done so that the little goy-peasants can outmaneuver Zelensky’s bureaucracies.
For the most ardent cryptocurrency diehards, the crisis in Ukraine is a perfect encapsulation of the reasons why they believe the global economic hegemony needs to be broken up. The Ukrainian people need help, and they argue that bitcoin’s ability to eschew bureaucratic red tape is the best way to provide immediate service to a vulnerable population. “It’s just the cheapest, fastest and most secure way to transact financially,” says Artemis, who declined to offer his real name but says he is from Canada and donated $280 in bitcoin to Come Back Alive. “They can safely store it without any fear of the invading force stealing it, or the banking system collapsing due to war.”
I will never make bold, speculative proclamations on this site, and I’m telling you right now that I don’t know for sure what’s going on here. Having said that, this seems like a great way for the parasite class in Ukraine to get their money out. Use the Ukrainian Hyrvnia (their dollar) to buy bitcoin. Then, no matter where in the world you are, your money is stored with your bitcoin wallet and can’t be seized by the Russians unless they torture your passwords out of you.
If the owner is not physically captured, this allows them to retain all of their existing wealth without even having a bank account. At the right moment, they can then start selling their bits into whatever currency they fancy. Zelensky and his oligarchs could have just bought foreign currency, but then they would need to have bank accounts, just in different countries. That’s the old way of laundering your stolen money. Doable, but complicated and inconvenient.
It’s nothing conclusive, but couple this with Zelensky being praised for admitting how hopeless the situation is, and it looks like the Ukrainian (((Parasite Class))) is heading for the exits.
I don’t know why anyone would follow a leader that fled their own country during an invasion.
This motherfucker was preventing Ukrainians from leaving but he himself? He fuckin bailed.
Ukrainians should mock and shame him forever. He should never be welcome back.