Ukraine Legalizes Cryptocurrencies, Boosting the Cryptomarket

Ukraine's president, Volodymyr Zelenskyy, has signed a law establishing a legal framework for the country on ‘virtual assets’.

The crypto market reacted positively to Ukraine's legalization of cryptocurrencies, with the crypto market cap increasing by about 5%.

This happens after the Ukrainian government successfully raised almost $100 million in crypto and bitcoin donations.

In addition, popular cryptocurrencies including Bitcoin, Ether, XRP, Cardano, Solana, and Dogecoin, among others, are up roughly 5%.

The law, legalized, will be regulated by the National Securities and Stock Market Commission and the National Bank of Ukraine.