Ukraine will create virtual currencies market

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Binance, the world’s biggest cryptocurrency exchange, has agreed to work with the Ministry of Digital Transformation “to develop a strategy for the implementation of blockchain technology and the creation of the new virtual assets and virtual currencies market in Ukraine,” the Ministry reports.

“We open Ukraine to one of the largest cryptocurrency exchanges in the world and let Binance legally start their business here. Thanks to this step, both Ukrainians and global cryptocurrency companies will be able to operate in Ukraine openly and transparently.

Andrey Kolodyuk, board chairman of the Ukraine Venture and Private Capital Association, told Interfax that three large cryptocurrency exchanges want to work in Ukraine. “Over the past 2.5 years, three world cryptocurrency exchanges have asked me to work legally in Ukraine,” he said.

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