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Report: War spurs crypto activity in Ukraine

Since late February 2022, the Russian invasion of Ukraine affected all aspects of life in the two nations. Their populations have felt the war’s economic impact, including on cryptocurrency, as analysed in a recent report by Chainalysis.  Shortly after the war began, cryptocurrency transfers increased in Ukraine and steadily rose through June. In March, right after the war …

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Ukraine to revise virtual assets law in line with EU crypto rules

Ukraine’s law “On Virtual Assets” — the main piece of legislation that concerns the country’s crypto space, adopted in early 2022 — will be amended in accordance with the provisions of the European Union’s Markets in Crypto Assets (MiCA) legislative package. Since the East European nation was granted the status of a candidate for EU …

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Whitepay introduces crypto payments to Ukraine’s tech stores

Ukrainians will be able to purchase electronics and other products with digital coins thanks to a service provided by Whitepay. The payment processor, established by the Ukrainian-born digital asset exchange Whitebit, has recently implemented crypto payments in the country’s largest tech stores.  Among the electronics retailers, whose customers will now take advantage of the new service, …

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