All eyes on crypto: Mining to become profession, Cabinet says

The government committee endorsed the move to grant crypto mining the status of economic activity, supplementing the Classifier of Economic Activities accordingly.

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A corresponding announcement was published Thursday by First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv.

The official expressed gratitude to Ukraine's crypto community for their constructive cooperation on the matter. The task to draft a regulatory legal act for amending the CEA was assigned to the Ministry of Economic Development, Electronic Government Agency, Ministry of Finance, Ministry of Justice, State Statistic Committee, and by agreement: the National Bank, National Commission on Securities and Stock Market, SBU Security Service, and Ministry of Energy.

Read alsoUkrainian lawmakers invest US$7.3 mln in cryptocurrency in 2017 – mediaIn late January, head of the Verkhovna Rada Committee on Informatization and Communications Oleksandr Danchenko urged the government to promote the development of crypto mining in Ukraine, separating the activity from the legislative regulation of crypto-currencies as such.

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