Ukraine News and Articles

Ukraine-based supermarket chain VARUS partners with Binance to allow crypto payments through Binance Pay technology. According to an announcement by Binance, customers can make instant crypto transactions in the capital Kyiv and 8 other Ukrainian cities. VARUS is one of the largest stores in...

The Ukrainian cryptocurrency neobank Trustee Plus will take part in the large-scale IT conference Web Summit 2022. The event will take place from 1 to 4 November in Lisbon. In addition to Trustee Plus, 23 startups from Ukraine will take part in it. Neobank Trustee Plus is based on the principles of...

Binance reported on its initiatives to help Ukrainian residents affected by the war. Binance representatives said that from April 26 to June 10, almost 70,000 people issued a cryptocurrency Binance Refugee Card. To receive financial support through it, users must contact non-profit partner...

Video game publisher Epic Games will donate Fortnite revenue generated from March 20 to April 3 to humanitarian aid to Ukraine. As of March 22, the company has raised $50M. The money will be transferred to organizations that provide medical, legal, and other assistance to people affected by the...

With the approval by the President Volodymyr Zelenskyy crypto is now legal in Ukraine. The decision was made amid the Russia-Ukrainian war. Ukraine received about $100 M in crypto donations for military equipment, humanitarian assistance and general aid. The Press Office of the Ministry of digital...

The Bored Ape Yacht Club (BAYC) NFT project team announced that they had donated more than $1 million in Ethereum to Ukraine. According to Etherscan, 388,999 ETH has been sent to the official wallet of the government of the country. At the time of writing, the value of the cryptocurrency is $1.062...

An unknown person donated an NFT from the CryptoPunks collection to the Ukrainian crypto fund. The token is valued at over $200,000. Deputy Minister of Digital Transformation of Ukraine for IT Development Oleksandr Bornyakov valued the token at 56 ETH (~$148,000). He likely refers to the cost of...

Mykhailo Fedorov, the Vice Prime Minister, who is also Minister of Digital Transformation of Ukraine, turned to major cryptocurrency exchanges, asking them to block all Russian and Belarusian users. He wrote on Twitter that it's essential to ban not only politicians but all users. I'm asking...

Ukraine’s Central Bank restricted digital money activities, which resulted in increased usage of crypto. Data from a crypto trading platform Kuna show that Ukrainians are mainly paying a premium for Tether's USDT. The CB told e-money issuers to halt the issuance of digital currencies and the...

Ukraine became the latest country to legalize and regulate cryptocurrencies by providing official clarity of the industry. 276 lawmakers voted in favor of the bill and 6 against it. The bill was presented in 2020. After getting the approval of the parliament, it needs to be signed by President...

The Ukrainian authorities continue to work on the creation of a national digital currency. Earlier, representatives of the government and the Central Bank have repeatedly stated that in addition to the launch of a regulated token (CBDC), Kyiv intends to legalize the cryptosphere. This week, the...

Ukraine is not only moving towards creating its digital currency, also the country wants to allow the use of bitcoin when paying for goods and services. The government's position was expressed by Deputy Minister of Digital Transformation Alexander Bornyakov. Holders of digital assets will be able...

Many countries in the post-Soviet space are considering options for launching a national digital currency (CBDC). Russia, Georgia, and Kazakhstan have already announced their readiness to develop a token pegged to fiat money. Now the National Bank of Ukraine has received the same right. The...

The Ministry of Digital Transformation of Ukraine continues to develop a mechanism for legalizing cryptos. In particular, options for amending the Tax Code are being considered. That will allow the token operations to be removed from the shadows and to charge appropriate fees from them. The...

On June 11, the Verkhovna Rada of Ukraine registered the draft law "On Virtual Assets", which introduces cryptocurrencies in a regulated plane and obliges exchanges to register with the Ministry of Digital Transformation. The final version of the document has undergone changes. In...

A scam group based in Kyiv in 2019 lured out about $70 million under the guise of investing in cryptocurrencies and stocks. Its victims were thousands of people from more than 50 countries. It is reported by The Guardian, as well as the Swedish newspaper Dagens Nyheter, citing an anonymous...

Kyiv law enforcers completed a pre-trial investigation into the illegal use of official equipment of the judicial administration for the extraction of cryptocurrencies. This was reported by the prosecutor's office in Kyiv. An official holding one of the leading posts in the Informational Judicial...

During a special operation in the Odessa region, two men were detained suspected of developing malicious software to steal cryptocurrency. This was reported by the press service of the local cyber police. The program created by hackers used a phishing mechanism. At the time of the transaction, it...