Re: Crypt is now legal in Ukraine

Ukrainian Finance Minister said the government is in position "to block crypto wallets" containing " illegally obtained crypto assets" . (I wonder how to?) .

Quote from: https://cointelegraph.com/news/ukraine-to-block-crypto-wallets-for-illicit-funds-finance-minister-says

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 about 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 the economy.

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

What do you mean by "crypto tax"? People are already supposed to pay a tax on their profits from trading, but since this potential crypto legalization is still miles away - there's no proposed law or even just a plan, no one knows how would the taxes look in case the legalization will happen.

This is definitely good news for them because people in Ukraine can now buy their own crypto and can use it freely in their country. This is actually showing that cryptocurrency is now being adopted by many countries this may show that they are now recognizing how good cryptocurrency is. We are all hoping that all countries will adopt cryptocurrency so that the community will get bigger and we can acquire a lot of investors. Investors are such a good one for every project that is coming, the more investors are, the more possibility that the project will succeed.