Ukrainian regulators have officially stated that the nation shall adopt the Markets in Crypto-Assets (MiCA) regulation recently passed by the European Parliament.

The deputy chairman of the Tax Committee of Ukraine, Yaroslav Zheleznyak, stated on Telegram, “We, along with colleagues from the National Securities and Stock Market Commission (NSSMC) and other regulators, are already working on implementing some provisions of MiCA to make crypto assets legal in Ukraine.”

Policymakers in the European Union (EU) have attempted to introduce nationally-agreed regulations and standardized rules for cryptocurrency assets across the bloc, with crypto businesses in the EU currently adhering to 27 distinct regulatory frameworks.

Among MiCA’s goals is to boost the competitiveness of startups in the EU, and this, alongside Ukraine’s decision in its intention to adopt the new regulation, represents a major advancement for the crypto industry in the European Union which may witness the rise of the market share of crypto-centered corporations.

Sources:

https://cointelegraph.com/news/ukraine-plans-to-adopt-eu-s-new-cryptocurrency-regulations

https://bitcoinist.com/ukraine-to-follow-eu-steps-adopt-mica-regulations/

https://thepaypers.com/cryptocurrencies/ukraine-embraces-the-eus-new-cryptocurrency-regulations--1262316

https://t.me/yzheleznyak/3926