Ukraine is in the top three world leaders in the use of crypto-assets

According to the leading analytical blockchain company Chainalysis, Ukraine took third place in the ranking of the global index of the use of cryptoassets in 2022.

When compiling the rating, the analytical company took into account the following indicators:

  • the value of cryptocurrencies that pass through centralized exchanges;
  • volume of P2P trade;
  • the volume of transactions carried out through DeFi protocols.

The rating is here.

The Ministry of Digital, together with representatives of the market, worked for three years on the legalization of the crypto industry in Ukraine in order to create a legal field for business development.

We will remind that in March, President Zelenskyi signed the Law “On Virtual Assets”, which will allow crypto companies to legally conduct business in Ukraine and officially work with the banking system. Ukrainians will be able to declare and protect their income in virtual assets. Legalization of the crypto industry will contribute to Ukraine’s integration into the global financial community.

The Law of Ukraine “On Virtual Assets” will enter into force simultaneously with the entry into force of the Law on Amendments to the Tax Code of Ukraine, which will regulate taxation of operations with virtual assets.