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Ukraine Parliament Legalizes Cryptocurrencies

Mykhaylo Fedorov 

Mykhaylo Fedorov 

Photographer: Volodymyr Tarasov/Ukrinform/Barcroft Media/Getty Images

The Ukrainian parliament backed in final reading a bill to legalize cryptocurrencies, Mykhaylo Fedorov, Ukrainian minister of digital transformation, said in a statement.

Fedorov said the new law will help bring the sector out of the shadows. Crypto exchanges will be able to operate legally and assets in cryptocurrencies will be protected, he said.