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New bill in Ukraine to allow payments in cryptocurrency, says official

A new cryptocurrency-related bill in Ukraine will allow payments in cryptocurrencies like Bitcoin (BTC) despite not recognizing crypto as legal tender, a government official claimed.Deputy minister of Ukraine’s Ministry of Digital Transformation Oleksandr Bornyakov is confident that it would be “quite legal to pay with cryptocurrencies” in Ukraine through payment intermediaries

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Ukraine central bank now officially allowed to issue digital currency

The Ukrainian government is moving forward with its central bank digital currency (CBDC) plans, as the National Bank of Ukraine (NBU) is now officially authorized to issue a digital currency.Ukrainian President Volodymyr Zelenskyy has signed the law titled “On Payment Services,” officially enabling the country’s central bank to issue a

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Stellar’s XLM Token Rallies to 2-Year High on XRP Woes, OCC Ruling, Ukraine

Payments-focused Stellar blockchain’s native cryptocurrency XLM has surged to over two-year highs. One analyst says the rally is driven by rival cryptocurrency XRP’s misfortunes and the U.S. Office of the Comptroller of the Currency’s (OCC) recent guidance on stablecoins. XLM changed hands at $0.2990 at 11:00 UTC, the highest level

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Ukraine Government Picks Stellar Development Foundation to Help Build National Digital Currency

Ukraine’s government has chosen the Stellar blockchain network as a platform to build a central bank digital currency (CBDC).Announced Monday, the Ministry of Digital Transformation of Ukraine and the Stellar Development Foundation (SDF) signed a Memorandum of Understanding to build out a “virtual assets ecosystem and national digital currency of

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Ukraine Oligarch’s Troubled US Steel Plant Has Been Quietly Mining Bitcoin: Report

A supposedly shuttered U.S. steel plant owned by Ukrainian billionaire Ihor Kolomoisky is said to have been mining bitcoin.Kolomoyskyy, one of the most influential people in Ukraine with net worth of $1.1 billion, is the former owner of PrivatBank, a major privately owned bank in the country. He was also

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Ukraine, Russia and Venezuela are leading the world in crypto adoption: Chainalysis

Recent data published by Chainalysis revealed a surprising first place for Ukraine in the Global Crypto Adoption Index 2020, followed by Russia and Venezuela.The Index looks at three on-chain metrics: the total value of on-chain crypto transactions weighted by purchasing power per capita (PPP), the value of on-chain retail transfers

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