Post
Topic
Board Bitcoin Discussion
Re: Good News: Ukraine has legalized Bitcoin
by
stompix
on 09/09/2021, 11:55:56 UTC
This kind of news is good, but I think you are wrong to equate El Salvador with Ukraine. In El Salvador Bitcoin is an official currency. On the other hand in Ukraine what happened until now is that there was no regulation on cryptocurrencies and the law that has been passed regulates them as a financial asset but not as a currency with which you can pay taxes:

So, the right title should be
Quote
Ukraine has made Bitcoin taxable?

That bill is damn long and translate isn't really helping but one point among many others intrigued me:
https://pastebin.pl/view/d934f284 (raw google translation here)

Quote
1. The National Bank of Ukraine in the field of turnover of virtual assets:
1) carries out state regulation of the turnover of ZVA (VC);
2) determines the list of currency values (except for the national currency (hryvnia) for which the exchange of virtual assets may be carried out , and the procedure for such exchange;
3) determines the list of currency values that can be provided by ZVA (VC);
4) approves for service providers related to the turnover of virtual assets, the rules of exchange of CBA (VC) and the rules of exchange of currency values (except for the national currency (hryvnia) for virtual assets);

So, the CB will have a final say on every pair an exchange that operates in Ukraine can have listed?

Either way, no point comparing this to Salvador, the current status even with this bill is actually far worse on paper than in many other state.