Ukrainian government plans to seize control over market of cryptic currencies

Source : 112 Ukraine

Without proper control, this money could be used for funding terrorism, - National Security and Defense Council
20:32, 11 January 2018


The National Security and Defense Council announced plans to take control over the cryptic currencies market in Ukraine.

In the respective message, the governmental agency explained that the absence of domestic control over the cryptic currencies might result in laundering money and create opportunities for funding terrorism – including the activity of Russian militants in Donbas.

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The National Coordination Centre for Cyber Security instructed respective governmental agencies to create a working group to solve respective legal issues and harmonize this decision with the Ukrainian law. ‘The National Bank also considers the option to issue its own cryptic currency’, the Council reports.

Law enforcement agencies are to enjoy the access to databases of cryptic currency stock markets, while the customers will be obliged to store the information about all transactions and release the information about clients when requested by the respective services.   

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