Ukraine legalises cryptocurrencies amid soaring tensions with Russia

Bitcoin donations have soared to Ukrainian volunteer and hacking groups, some of which have supplied equipment to government forces, according to a report

Cryptocurrency
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Cryptocurrencies can be sent and received anonymously, allowing organisations to raise money even if financial firms do not allow - or impose strict checks on - transfers of funds

Deepsekhar Choudhury Bengaluru
Ukraine legalised cryptocurrencies on Thursday even as its tensions with Russia have roiled global markets in the past week due to global concerns over the prospect of a wider war, with more than 100,000 Russian troops near the Ukrainian frontier. 

"Ukraine is already in top-5 countries on cryptocurrency usage. Today we made one more step forward: Parliament adopted law on virtual assets! This will legalize crypto exchangers and cryptocurrencies, and Ukrainians could protect their assets from possible abuse or fraud," said Ukraine Vice Prime Minister Mykhailo Fedorov on Twitter.

Bitcoin donations have soared to Ukrainian volunteer and hacking groups, some

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First Published: Feb 17 2022 | 10:57 PM IST

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