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Ukraine will exempt crypto currencies from taxes

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November 15, 2017 | 

Joanna Newman |  0 Comments| 

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Ukraine will exempt crypto currencies from taxes


Ukraine is developing a bill that exempts cryptocurrencies and their profits from taxes for the purchase, sale, or even mining.

This tax exemption is aimed at both individuals and businesses and aims to encourage the cryptocurrency market in Ukraine.

This is not the first time that the Ukrainian government is interested in virtual currencies. Last October, he had already finalized a law authorizing the exchange of goods and services in Bitcoin.

A second law aimed to consider digital currencies as financial assets.

The Ukrainian government has also taken measures to regulate cryptocurrencies.

All these new laws and regulations are not surprising when we know that some Ukrainian legislators are among the most important holders of  Bitcoins ...

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