Ukraine Vice Prime Minister Wants the Country To Be World Leading Jurisdiction for Cryptocurrency

Joshua Ramos
Source: Reuters

Ukraine’s Vice Prime Minister, Mikhail Fedorov, has stated his desire for the country to be the world’s leading jurisdiction for cryptocurrency. Coindesk reported Fedorov’s statements at the World Economic Forum in Davos, Switzerland.

The Forum also gave Federovo the chance to discuss the country’s new CBDC, the e-hryvnia, and legislation that would “make the country the worlds leading jurisdiction for crypto assets,” according to Coindesk. Following the notion that the country successfully used cryptocurrencies to raise money for its armed forces.

Ukraine Talks CBDC and Crypto Legislation

Coindesk has reported from the World Economic Forum in Davos, Switzerland, which has seen a plethora of leaders discuss a range of topics in the digital asset space. It was there that Ukrainian Vice Prime Minister Mikhail Fedorov discussed his desire for the country to be the world’s leading jurisdiction for cryptocurrency.

Ukraine has signed cryptocurrency legislation in 2022 just after the nation’s invasion of Russia. According to Fedorov, that law will be supplemented by brand new tax laws and also a CBDC from the National Bank of Ukraine, next yet.

Source: Bitcoinsensus

“That will see Ukraine having the best crypto asset jurisdiction in the world,” Fedorov stated. Adding, “A complex, comprehensive approach to the legalization of all digital assets.” Moreover, Federovo discussed the countries impending CBDC, which he has planned to personally test in the coming year.

Fedorov stated, “I plan on becoming the first test user of electronic hryvnia and I plan on receiving my salary in e-hryvnia.” Additionally, he remarked on the country’s groundbreaking crypto fundraising. The fundraising saw the country raise the equivalent of $178 million.

“Owing to the support of the world crypto community, we’ve managed to facilitate and expedite quick purchases of everything we needed for our armed forces,” Fedorov concluded.