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Ukraine To Adopt EU’s New Crypto Regulations
Following the adoption of the Markets in Crypto-Assets (MiCA) law by the European Parliament, Ukrainian officials have openly announced that they would also adopt the legislative package there.
The Deputy Chairman of the Tax Committee of Ukraine, Yaroslav Zheleznyak, said on his Telegram channel on April 20 that “We, along with colleagues from the National Commission for Securities and the Stock Market and other regulators, are already working on implementing some provisions of MiCA to make crypto assets legal in Ukraine.”
Yurir Boyko, a member of the NKCPFR said, “I am sure Ukraine will be one of the first countries to implement this regulation into national legislation.”
A significant development for the cryptocurrency sector in the European Union is the implementation of MiCA.
MiCA’s implementation is anticipated to make startups in the EU more competitive, which could increase their market share relative to uncontrolled rivals.
(With inputs from Shikha Singh)
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