All digital currency use, circulation, and investment will now be legal in the state. The law will affect business leaders in crypto and blockchain in the state. The bill sets out clear regulations and obligations for digital currency trading platforms.

The Ukrainian parliament voted in favor of legalizing digital currencies including Bitcoin. The Virtual Assets Bill has been passed in Parliament, under which all digital currencies will now have legal status in the country. Specifically, the investment, circulation, and use of digital currencies will henceforth be legal in Ukraine. However, Bitcoin or any other digital currency will not be recognized as a legal currency in a state like El Salvador.

Ukrainian Minister of Digital Transformation Mikhailo Fedorov expressed his gratitude and satisfaction with the newly passed bill. According to Fedorov, this new law will provide important opportunities for digital companies in the country, and allow virtual platforms and trading platforms to circulate more freely. He also stressed that the legalization of digital currency would help the country's ongoing digital transformation.

Fedorov also expressed that the law would allow more pilot projects to flourish in the country surrounding the area of digital currencies and blockchain, and would allow more capital investment to flow into the industry.

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