Published on October 12th, 2017 | by bitcoin0
New Law Could Change Bitcoin Exchanges in Ukraine
New legislation introduced in Ukraine would bring the local cryptocurrency ecosystem under the oversight of the country’s central bank.
The bill, first filed on October 6 according to public records, outlines the rules for exchange services, including taxation and data redemption requirements.
The legislation’s introduction is notable development, given that in August, the country’s central bank hinted that it may move to regulate cryptocurrency activities in Ukraine.
If the bill is passed and signed into law, the National Bank of Ukraine would have two months from that date to create guidelines for exchanges.
Another possible factor in the process is that, as previously reported, several members of the legislature have disclosed significant holdings in bitcoin.