Ukraine Legalizes Cryptocurrencies, Boosting the Cryptomarket

[{"selector":"#anim-e1b4c125-4245-4fcf-b0e5-42fa43634818","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

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

[{"selector":"#anim-c0d909e8-c674-427e-b5c7-0ea91f68ca0b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b8bac3fe-2a11-44a8-a0e5-bfb98c6b1f3a","keyframes":{"transform":["translate3d(0px, 188.96199%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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

[{"selector":"#anim-4aa74546-9f1b-47a0-bb69-56f592e3594e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9e59896b-ce03-4c51-b6ae-b8a80ff77efd","keyframes":{"transform":["translate3d(0px, -147.74633%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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

[{"selector":"#anim-79ef683c-d870-49e1-87ed-4d35f110adbe","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0cb31182-4fb1-4e98-8d7d-9a869bcd22f6","keyframes":{"transform":["translate3d(0px, 182.38306%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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

[{"selector":"#anim-0f60ae44-35b4-4554-8837-b4b0f977cf89","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-afe88923-ea39-4984-a25d-75420646d338","keyframes":{"transform":["translate3d(0px, -150.39902%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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

[{"selector":"#anim-3e5e1ef4-fca7-4c5d-9337-60b4f10ed9ca","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1ac872fa-d51f-46e0-a744-eb639b66dba4","keyframes":{"transform":["translate3d(0px, 154.26640%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

[{"selector":"#anim-370147a8-e08d-47d1-8d3b-831859728ee8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]