As a country where cryptocurrencies have enjoyed a growing popularity, Ukraine now also has a strategy to develop its virtual asset market within the next three years. The plan has been presented by officials from the Ministry of Digital Transformation, other government institutions and representatives of the private sector, Forklog reported.
The roadmap envisages various regulatory, educational and infrastructural activities. Participants in the initiative have already established almost a dozen working groups to achieve a set of goals. One of the key areas they intend to focus efforts on is the introduction of a relevant legal terminology and the adoption of necessary by-laws.
To do that, however, Ukraine has to first adopt comprehensive legislation to govern its crypto industry. A draft law “On Virtual Assets” was voted through at the first reading in the Ukrainian parliament in December. Since then, the bill which aims to regulate cryptocurrency transactions in the country has been revised and in June the parliamentary Committee on Digital Transformation recommended its final adoption.
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