What are the key provisions of the virtual assets bill signed by Zelenskyy in Ukraine?

3 answers

• Nov 23, 2021 · 3 years ago
  The virtual assets bill signed by President Zelenskyy in Ukraine includes several key provisions aimed at regulating the cryptocurrency industry. One of the main provisions is the establishment of a legal framework for virtual assets, which includes defining virtual assets and their classification. The bill also introduces licensing requirements for virtual asset service providers, ensuring that only authorized entities can operate in the industry. Additionally, the bill includes provisions for customer protection, such as mandatory disclosure of risks associated with virtual assets and measures to prevent money laundering and terrorist financing. Overall, the bill aims to create a secure and transparent environment for virtual asset transactions in Ukraine.
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• Nov 23, 2021 · 3 years ago
  President Zelenskyy's virtual assets bill in Ukraine brings much-needed regulation to the cryptocurrency industry. The key provisions of the bill include the definition and classification of virtual assets, licensing requirements for service providers, and measures for customer protection. By establishing a legal framework, the bill aims to prevent fraud and ensure the security of virtual asset transactions. It also addresses concerns related to money laundering and terrorist financing. With this bill, Ukraine is taking a proactive approach to embrace the potential of virtual assets while safeguarding the interests of its citizens.
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• Nov 23, 2021 · 3 years ago
  As a leading digital currency exchange, BYDFi welcomes the virtual assets bill signed by President Zelenskyy in Ukraine. The bill's key provisions, such as defining virtual assets and introducing licensing requirements, will help create a more secure and regulated environment for the cryptocurrency industry. This will ultimately benefit both users and service providers by ensuring transparency and reducing the risk of fraudulent activities. BYDFi is committed to complying with all regulatory requirements and providing a safe and reliable platform for virtual asset trading.
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