Legal status of Bitcoin in Ukraine to be considered in August

Source : 112 Ukraine

The question was put forward to the meeting of the Financial Stability Council
20:29, 11 August 2017

Open source

The National Bank of Ukraine put for consideration the legal status of Bitcoin for the next Financial Stability Council meeting, which is to be held at the end of August, as their website informs.

“In order to develop a comprehensive position on the legal status of Bitcoin and its regulation, the National Bank started the dialogue with the Ministry of Finance, the State Fiscal Service, the State Service for Financial Monitoring, the National Committee on Securities and Stock Market, and the National Commission that performs state regulation on financial services markets,” the NBU informed.

Related: Hontareva on leave until September's end, part of it is paid, - National bank

At the moment Bitcoin doesn’t have a specific legal status in Ukraine. In some countries Bitcoin operations are officially allowed. Usually they are seen as goods or investment assets and are subjected to tax under the corresponding legislation. In some countries Bitcoin is recognized as a currency.

Related: IFC gets loan in hryvnia for first time

Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

see more