Ukraine plans to adopt EU’s new cryptocurrency regulations

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Ukraine plans to adopt EU’s new cryptocurrency regulations
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Ukraine is already keen to adopt the EU's new uniform regulations for the crypto industry.

, Ukrainian regulators have stated publicly that they will adopt the legislative package in their own country as well.on his Telegram channel on April 20 that “We, along with colleagues from the NKCPFR [National Commission for Securities and the Stock Market] and other regulators, are already working on implementing some provisions of MiCA to make crypto assets legal in Ukraine.”, “I am sure Ukraine will be one of the first countries to implement this regulation into national legislation.

The introduction of MiCA marks a major advancement for the crypto industry within the European Union.uniform regulations and create standardized rules for crypto assets across the EU, as crypto businesses are currently required to adhere to 27 distinct regulatory frameworks across EU member countries.in the EU, which could lead to a rise in their market share as compared to unregulated competitors.

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