03-18-2022, 08:29 AM
Do people understand Ukraine did not introduce crypto as currency, but that "legaliz
<!-- SC_OFF --><div class="md"><p>There have been many posts on the legalization of crypto in Ukraine since yesterday. I see a lot of misunderstandins about it, and am pretty confused about the reactions on here.</p> <p>Firstly, I think it's weird that everyone is so excited because this is not new. Parliament already voted on this a month ago, <a href="https://np.reddit.com/r/CryptoCurrency/comments/swtbrn/ukraine_legalizes_bitcoin/">here's a thread</a> from 25 days ago. The president just signed the law yesterday, most likely a formality.</p> <p>Secondly, and most improtantly: what do you think this means? I've seen comparisons to El Salvador quite a few times, and it's not even similar. Ukraine doesn't introduce BTC or any other crypto as legal tender or whatever. They just introduced a legal framework to regulate it and <a href="https://www.cnbc.com/2022/03/17/ukraine-legalizes-cryptocurrency-sector-as-donations-pour-in.html">introduces financial monitoring measures for virtual assets</a>. I'm all for this, I think regulation is really necessary for crypto, but doesn't this sub usually hate regulation, for example when the US or the EU want to do it?</p> <p>I've read the El Salvador comparison a few times, one dude just told me "Only 6 countries have crypto as “legal”" - I think many of you don't quite understand what happened here. <strong>They just introduced a legal framework to regulate it. That can be good or bad, depending on your position, but it's not as new or big as many people seem to think.</strong></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/mic_droo"> /u/mic_droo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tgcak2/do_people_understand_ukraine_did_not_introduce/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tgcak2/do_people_understand_ukraine_did_not_introduce/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>There have been many posts on the legalization of crypto in Ukraine since yesterday. I see a lot of misunderstandins about it, and am pretty confused about the reactions on here.</p> <p>Firstly, I think it's weird that everyone is so excited because this is not new. Parliament already voted on this a month ago, <a href="https://np.reddit.com/r/CryptoCurrency/comments/swtbrn/ukraine_legalizes_bitcoin/">here's a thread</a> from 25 days ago. The president just signed the law yesterday, most likely a formality.</p> <p>Secondly, and most improtantly: what do you think this means? I've seen comparisons to El Salvador quite a few times, and it's not even similar. Ukraine doesn't introduce BTC or any other crypto as legal tender or whatever. They just introduced a legal framework to regulate it and <a href="https://www.cnbc.com/2022/03/17/ukraine-legalizes-cryptocurrency-sector-as-donations-pour-in.html">introduces financial monitoring measures for virtual assets</a>. I'm all for this, I think regulation is really necessary for crypto, but doesn't this sub usually hate regulation, for example when the US or the EU want to do it?</p> <p>I've read the El Salvador comparison a few times, one dude just told me "Only 6 countries have crypto as “legal”" - I think many of you don't quite understand what happened here. <strong>They just introduced a legal framework to regulate it. That can be good or bad, depending on your position, but it's not as new or big as many people seem to think.</strong></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/mic_droo"> /u/mic_droo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tgcak2/do_people_understand_ukraine_did_not_introduce/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tgcak2/do_people_understand_ukraine_did_not_introduce/">[comments]</a></span>Kind Regards R