The Ukrainian Parliament passed a measure that would legalize and regulates cryptocurrency one day after El Salvador rolled out bitcoin as a legal tender.
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The bill was introduced into the parliament, known as Verkhovna Rada, in December. It now needs to be signed by the country’s president.
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Last month Ukraine’s law-enforcement authority and main government security agency, Security Service of Ukraine, blocked a network of what it called “clandestine cryptocurrency exchanges” running in the capital city of Kyiv.
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Passage of the bill adds to signs of growing adoption of cryptocurrencies around the world, Ulrik Lykke, executive director at the $50 million digital-asset investment firm ARK36, told CoinDesk in a Zoom interview on Thursday.