Ukraine looks to legalize the use of cryptocurrency

The country’s ministry has made the decision as a step towards modernization.
The ministry is also planning to integrate blockchain technology into its registry system.

Rajarshi Mitra Independent Analyst

The ministry of digital transformation of Ukraine is planning to legalize the possession and use of cryptocurrencies. Though crypto transactions are not banned at present, they do not have any official status. The country’s newly elected president, Volodymyr Zelensky, announced that a decision had been made has a step towards modernization. Additionally, the ministry is planning to integrate blockchain technology into its registry system.

One of the deputy ministers, Alexander Bornyakov, spoke about how the nation would want to capitalize on cryptocurrency miners. He also spoke about plans to apply the blockchain technology on public registries and documentation based on DLT (Distributed ledger technology).

According to an earlier report on BitcoinNews.com, Ukraine’s ministry launched a state policy to legalize cryptocurrency. The newly elected president aims to speed the process. If executed, this will make Ukraine a hub for blockchain innovation.

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

Ripple tests recovery strength amid steady ETF inflows, growing retail interest

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.

Bitcoin extends gains as ETF inflows persist despite broadening US-Iran war

Bitcoin hovers around $73,000 on Thursday, driven by the US Stock market recovery, boosting risk-on sentiment. Data shows analysts are mostly bullish on Bitcoin, citing renewed demand from institutional investors, on-chain holders, and the derivatives market.

Crypto Today: Bitcoin, Ethereum, XRP hold weekly gains despite US-Iran war

The cryptocurrency market is gaining strength on Thursday, building on Wednesday's upswing, which saw Bitcoin reach a weekly high above $74,000. Ethereum and Ripple are moderating their recent gains amid uncertainty stemming from the escalating war in the Middle East.

Pi Network eyes breakout rally as broader market recovers

Pi Network (PI) price extends gains above $0.1900 at press time on Thursday, following a 7% increase the previous day. The upcoming token unlock of more than 20 million PI tokens on Saturday looms over the short-term recovery.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.