Cryptocurrency generating operations were set up in the city of Kyiv, as well as in Cherkasy and Kyiv regions, the top prosecutor says.
Minister of Economic Development and Trade Stepan Kubiv says the issue could be resolved by drafting a relevant bill.
Currently, the National Bank of Ukraine (NBU) does not recognize bitcoin or other cryptocurrencies.
Acting head of the National Bank of Ukraine (NBU) Yakiv Smolii says he is not a fan of cryptocurrencies, but he does not mind if other Ukrainians take a great interest in them.
Regulators of Ukraine's financial market, namely the National Bank of Ukraine (NBU), the National Securities and Stock Market Commission, and the State Commission for Regulation of Financial Services Markets of Ukraine continue to determine the legal status of the cryptocurrency in Ukraine, warning of high risks, according to NBU Deputy Governor Oleh Churii.
Bitcoin plunged as the cancellation of a technology upgrade prompted some users to switch out of the cryptocurrency, spooking speculators who had profited from a more than 800% surge this year, according to Bloomberg.
Two bills to provide legal frameworks for cryptocurrencies including bitcoin have now been submitted to the Ukrainian parliament, Bitcon.com reports.
Speaking at a recent Ukrainian Financial Forum event, Deputy Governor of the National Bank of Ukraine Oleh Churii has revealed key insights into the government’s determinations regarding impending Ukrainian bitcoin regulations, according to Bitcoin.com.
The Ukrainian Cabinet of Ministers on the Financial Stability Board conducted a meeting in late August 2017 to tackle the legal status of virtual currencies like Bitcoin in the country. The ministers have reached an agreement to decide on the issue in three weeks, according to the Coin Telegraph.