Amid a war with Russia, the President of Ukraine, Volodymyr Zelenskyy, has approved the use of cryptocurrency as investment and payment option in the country, IgbereTV reports
The Verkhovna Rada of Ukraine (Supreme Council of Ukraine) the country’s parliament, had initially threw it weight behind the legalisation of cryproassetss on February 17, 2022, before Zelenskyy signed the regulation into law on Wednesday.
It was gathered that domestic and foreign cryptocurrency exchanges are now officially legal to operate within Ukraine, which has been invaded by Russia since February 24.
Ukraine’s decision to adopt the digital currency comes after the country received $100 million worth of crypto donations to financially support the government’s effort against Russia.
IgbereTV had reported that Ukrainian government sought donations in Bitcoin, Ethereum and USDT in February. co-founder of Ethereum, Vitalik Buterin, and FTX chief executive, Sam Bankman-Fried, are some of the crypto heads supporting Ukraine with digital assets
