Ukraine: Regime becomes fifth in five weeks to “legalize” cryptocurrency

Source: CNBC

“Ukraine is the fifth country in as many weeks to lay down some ground rules for the cryptocurrency market, a sign that governments around the world are realizing that bitcoin is here to stay. In a nearly unanimous vote, the Ukrainian Parliament adopted a law that legalizes and regulates cryptocurrency. The bill was set in motion in 2020 — and it now heads to the desk of President Volodymyr Zelensky. … But to bitcoin backers like Jeremy Rubin, Ukraine’s new law and political promises such as these don’t amount to much. ‘Ukraine’s improved legal status for bitcoin is a laudable symbolic measure that we progress towards a world that respects individual rights universally,’ said Rubin, CEO of bitcoin R&D lab Judica. ‘But it is only symbolic — bitcoin seeks neither permission nor forgiveness in its mission to protect persecuted communities from unjust governments.'” (09/09/21)