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Ukraine Law Seen Easing Crypto Donations to War-Torn Nation

  • Digital Transformation ministry has collected $56 million
  • Law could help rebuild post-war economy, Bornyakov says
Youths walk past a burning warehouse after shelling in Kyiv on March 17. 

Youths walk past a burning warehouse after shelling in Kyiv on March 17. 

Photographer: Aris Messinis/AFP/Getty Images
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Ukrainian President Volodymyr Zelenskiy’s legalization of virtual assets may make it easier for the government to collect and spend cryptocurrency donations, according to Alex Bornyakov, deputy minister of Digital Transformation of Ukraine.

The “About Virtual Assets” law allows the government, private citizens and companies to trade, bequeath and list everything from tokens to NFTs. It also establishes a legal framework and a licensing regime for crypto exchanges, custodians and other digital-asset businesses.