Ukraine’s new bill to allow payments in cryptocurrency
Crypto payments will be allowed in Ukraine, according to the deputy minister of Ukraine’s Ministry of Digital Transformation, in the same way as payments based on the US currency would be. Despite the fact that cryptocurrencies like Bitcoin (BTC) are not recognised as legal tender in Ukraine, a new cryptocurrency-related bill will allow payments in […]
The National bank of Ukraine can now officially issue a digital currency
As countries move towards the adoption of digital currencies, the National Bank of Ukraine (NBU) is now formally permitted to issue a digital currency. According to a Thursday release, Ukrainian President Volodymyr Zelenskyy has signed the law titled “On Payment Services,” allowing the country’s central bank to issue a CBDC or digital hryvnia. The new […]
Largest illegal mining farm uncovered in Ukraine
The largest underground crypto mining farm have been found by The Security Service of Ukraine (SBU) Law enforcement officials. The SBU, Ukraine’s top law enforcement agency, reported last week that it had discovered a large-scale electricity theft in Vinnytsia, in west-central Ukraine. The stolen power was used to mint digital currency in the country’s largest […]