Community Trust ScoreVerified
Crypto.com recently ran ads during Oscars in support of Ukraine. Viewers were encouraged to donate with crypto, fiat or by buying from the campaign’s NFT collection. Donations were set to go to the International Red Cross Red Crescent Movement to be shared with Ukrainians. Further Crypto.com was prepared to match the total amount in donations for a value up to $1 million.
On March 16, 2022, Volodymyr Zelenskyy, signed into law that bill, “On Virtual Assets,” which establishes a legal framework for the country to operate a regulated crypto market. “The Parliament has adopted a law on virtual assets.
Thus, the law on legalization of virtual assets in Ukraine is active. Ukraine speeded up the legalization process right after they received the donations from crypto. With all the crypto help that Ukraine has received for the war, it’s only fitting that crypto is legalized in the country. This law has brought cryptocurrency to the light in Ukraine and also given it the needed legal backing and support to grow. The adoption is indeed growing.
To be going through what Ukraine, he and his fellow county man/woman are through right now and still have clarity of thought to sign a law that will help them recover fast and rebuild a stronger economic ecosystem – Trust Ukraine will get through this and Zelensky will help see to it.
This is a signal and very soon, all countries will agree to legalize virtual currency assets. Eventually nations will not legalize crypto because they want to, but because they have to. History has taken another step forward.
The digitalization process of human beings is irreversible. The future belongs to digital, and the only asset in the digital world is digital assets. Crypto practitioners are those who stand in the present and manage the future, and are a group of people who live in the future.
Ukraine is also saving crypto investors while they have been trying to save the world from fascists for 3 weeks.
The next step might be to regulate many cryptocurrency exchanges in Ukraine. However, the complicated question comes again: Crypto’s are government free and it looks like it has to be centralized to be acceptable.
This looks like super bullish for crypto and sounds like a good move by the Ukraine government, because this will certainly help people to transact for their needs when the banks are not working. Looks like everyone are beginning to believe in the Bitcoin Dream.
May be President Zelensky signed it to show his respect to all crypto community, which is supporting Ukraine.
