According to Odaily Planet Daily, Alex Bornyakov, Ukraine's Deputy Minister of Digital Transformation for the Development of the Information Technology Industry, revealed that the International Monetary Fund (IMF) has urged Ukraine to complete cryptocurrency legislation. He stressed that a legalized cryptocurrency sector could produce a strong economic effect and bring in billions of dollars in turnover.
In March 2022, Ukrainian President Volodymyr Zelenskyy signed the Law on Virtual Assets, which aims to regulate the Ukrainian cryptocurrency market. In April last year, Yuriy Boyko, a member of the National Securities and Stock Market Committee of Ukraine, revealed that Ukraine intends to implement the cryptocurrency market rules approved by the European Parliament.
