Ukraine to develop legal crypto market

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Ukraine president Volodymyr Zelensky said the launch of a legal digital assets market in the country is of ‘utter importance’.

During his official visit to the United States, Zelensky met with some of the biggest investors from the crypto industry and emphasised his country’s advances in the digital sector.

“Our country is rapidly transforming and adopting innovations. Over the past year, we have managed to make a real breakthrough in the digital sphere. At the same time, we still need to do a lot.” According to the leader, the income of the IT industry in Ukraine in three to five years could rise from $6 billion to $16.5 billion per year. The Ukrainian IT sector could also widen to 10% of GDP.He also said Ukraine would provide maximum assistance to foreign and Ukrainian investors, and noted the state was ready to address the concerns of investors and cooperate with them.

Earlier this year, Mykhailo Fedorov of the Ministry of Digital Transformation signed a memorandum of understanding with the foundation aimed at supporting the ongoing efforts of the Ukrainian government to develop a legal framework. The agreement also covers Stellar’s participation in building the infrastructure for the Ukrainian national digital currency.

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