Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Good News: Ukraine has legalized Bitcoin
by
slaman29
on 10/09/2021, 07:06:20 UTC
⭐ Merited by JayJuanGee (1)
Sorry to break the news to you friend, but Ukraine had never made Bitcoin illegal. Even before this law had passed, no one was going to get caught or prosecuted and sent to jail or fined for using/trading Bitcoin.

The only thing this law does is regulate crypto, which can be good for business, but the restrictions also limit the use of it for other than purposes defined.
at least there is a clear development in the ukraine state after the regulation is passed. thus the use of bitcoin is not an illegal activity, so that the people there can carry out activities according to predetermined limits. on the other hand, this hopefully will be an example for other countries to make clearer regulations so that bitcoin will be increasingly adopted mass

Yes, of course, clarity is always a good thing, but any lawyer or legal professional usually can tell you that a lack of clarity actually helps you on the defence. Which means, if there is no law saying that what you're doing about crypto is illegal, then by definition it is legal.

Which is why all the India drama about banks closing crypto accounts was finally overturned in the Supreme Court:)