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.