Post
Topic
Board Bitcoin Discussion
Re: Crypt is now legal in Ukraine
by
zviadits
on 26/01/2020, 13:49:14 UTC
Ukrainian Finance Minister said  the government is in position  "to block crypto wallets" containing " illegally obtained crypto assets" . (I wonder how to?) .

Ukraine to Block Crypto Wallets for Illicit Funds, Finance Minister Says



They are going to ask crypto exchanges and banks to do KYC of people who do operations with crypto past certain limit - around $1,200, and they will have to report "suspicious" transactions and regulators might order to freeze assets on those online accounts. They also talk how they will be using chain analysis to do their verifications.

Also, there's another interesting line that wasn't in the article - the minister said that they don't see crypto being used by corrupt officials, so it should be legalized in long term to boost economy.

I wonder if crypto holders will pay a crypto tax in case of legalization?