Ukraine Set to Develop State-backed Cryptocurrency, e-Hryvnia – Bitsonline

Ukraine appears set to release a state-backed cryptocurrency, called the e-Hryvnia. Local Ukrainian journalist Anton Drannik has reached out to the National Bank of Ukraine to find out the details surrounding new virtual currency rumors. The bank has responded that it will be a centralized, government-backed, fully transparent system with KYC procedures. It will have its own…

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Cryptocurrencies to be reportedly adopted by the National Bank of Ukraine, sights set for the future

Cryptocurrencies as a whole have received another push towards mainstream adoption with the National Bank of Ukraine considering the creation of its own cryptocurrency based on the country’s national currency, the Hryvnia. Announced by a Ukranian news outlet, the news was met with some positive response on social media with Ukranian natives expressing their sentiment…

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Ukraine Could Slap Crypto Incomes with 5% Tax Plus 1.5% Military Charge

If approved, the new tax will be in effect from 2019 to 2025. Ukraine is planning to introduce a tax on profits from cryptocurrency trading when the gains are withdrawn in fiat money or when cryptos are used in payment for goods and services, according to a report from local news outlet Liga.Biznes. The proposal…

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Ukrainian Authorities Are Not Planning to Regulate Crypto Mining

The State Service for Special Communication and Information Protection of Ukraine has said that it is not planning to regulate cryptocurrency mining, news portal cryptorussia.ru reported June 25. In response to an official request for information by the Better Regulation Delivery Office’s (BRDO), the representatives of the regulatory authority reportedly said that they have no…

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Bitcoin Fans in Kiev Set to Create Statue of Satoshi Nakamoto

Satoshi Nakamoto is set to receive a “digital statue” in the capital of Ukraine, Kiev. The creator of the world’s first decentralized cryptocurrency Bitcoin will replace what used to be a statue of Vladimir Lenin. During the Ukraine civil unrest in 2013/14, Lenin’s statue was toppled and has remained this way since, but this is soon…

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No License Needed to Mine Cryptocurrencies in Ukraine

Companies mining cryptocurrencies are not required to obtain a license, the Ukrainian state agency responsible for licensing regimes said this week. The annual revenue generated by the Ukrainian crypto mining industry amounts to over $100 million, according to recently published data. The country remains attractive to miners while mining costs in many other corners of…

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Ukrainian Men Arrested Over The Operation Of Cryptocurrency Scams

The regulatory crackdown on fraudulent and malicious cryptocurrency operations has continued, with more reports showing scams falling to the might of regulators. The BleepingComputer reported that Ukrainian men had been arrested on suspicions of the operation of fraudulent cryptocurrency exchanges. Four Men, Over Six Fake Cryptocurrency Exchanges According to the aforementioned article from a popular…

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Ukraine: Four Arrested for Running Fake Crypto Exchanges

Ukrainian police have arrested a group of four men suspected of running six fake cryptocurrency exchanges, Bleeping Computer reported June 21. Four men between ages 20 and 26 allegedly launched at least six digital currency exchanges, where they deceived users, subsequently stealing money from them. The alleged culprits lured users by promoting the exchanges with…

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Ukraine May Host a Monument Dedicated to Bitcoin’s Founder Satoshi Nakamoto

Under the wave of the cryptocurrency swirl, Ukrainian crypto enthusiasts are planning to erect a monument in Kyiv in honor of Bitcoin’s father known by the name of Satoshi Nakamoto. The statue of blockchain‘s creator is determined to be put on the former place of a Vladimir Lenin monument. “The monument to Lenin was a…

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Spending Bitcoin in Europe Is Getting Easier Thanks to Wirex and Paytomat

European cryptocurrency holders have reason to be cheerful. Slowly but surely it’s becoming easier to spend BTC, BCH, and a range of other cryptos throughout the continent, with payment services like Wirex and Paytomat leading the charge. It’s now possible to spend bitcoin in hundreds of restaurants and stores throughout Eastern Europe, as well as…

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