⁠Binance will collaborate with Ukrainian authorities to establish cryptocurrency-related legislation in the country

⁠Binance will collaborate with Ukrainian authorities to establish cryptocurrency-related legislation in the country

Gate Trade News Thursday, November 7, 2019 27 16

Major global crypto exchange Binance will collaborate with Ukrainian authorities to establish cryptocurrency-related legislation in the country.

 

According to the announcement, the Ministry, Members of Parliament (MP) and commercial companies are planning to finalize the relevant bills and introduce them to the Ukrainian Parliament, the Verkhovna Rada, by the end of 2019.

Binance CEO stated that the legalization of cryptocurrencies and the adoption of progressive legislation can play a key role in bringing positive growth in the economy as well as attract additional investments.

 In a post on Oct. 22, the MP provided public access to three bills to regulate cryptocurrency in the country and invited blockchain and crypto industry experts to review the provisions and submit their own proposals.