Ukraine

Ukraine's Central Bank (NBU) is looking to employ a blockchain (BC) developer. The Bank's IT director, Vladimir Nagornyuk, has recently published an advert announcing the opening. The LinkedIn posting described the roles, responsibilities, and benefits that come with the office. Forklog quotes Nagornyuk's post stating NBU will offer the candidate "opportunities for professional development. The BC will be in a stable and transparent organization. Again, it'll give them "market level remuneration" with performance-based bonuses. Other perks include a corporate pension…

While much progress has been made on the issue, cryptocurrency adoption remains a significant fight for the broader digital asset industry. Many people have put a lot of work into supporting crypto adoption. For instance, the authorities should be the first to understand the benefits of these assets. In Ukraine, that fight is nearing an unpredictable success. Hello to “On Virtual Assets” Earlier in September, the Ukrainian Parliament adopted new laws. The regulations deal with the activities of domestic and foreign cryptocurrencies…

The state of Kentucky lawmakers has voted to approve a bill providing tax breaks to crypto miners. This development could herald the transformation of Kentucky into a significant crypto mining haven in the United States.  Crypto Mining Bill Approved  U.S news outlet the Lexington Herald revealed this development in a report on Tuesday. According to the report, the Kentucky House budget committee approved a crypto bill tilted House Bill 230. The bill sought to remove sales tax dues from electricity purchased by…

Digital currencies have come to stay and governments worldwide are finding means to adopt them for various reasons. Some are seeing digital currency transaction processing as an activity that is likely to pay off in the future. In recent times, Ukraine’s Ministry of Energy and Environment recommended the utilization of the excess power produced by nuclear power plants for processing digital currency in the country. Currently, there is production of excess energy by power plants in the country because COVID-19…

Ukrainian authorities are currently noticing that there is no need for government oversight bodies to conduct regulatory operations in the Crypto mining field.   The Ukraine Ministry of digital transformation on February 7th released a manifest on virtual assets, i.e., crypto assets. In this release, they particularly stated that government regulations are not necessary for Crypto mining. The crypto world does not need regulations since it's self-regulated by the protocol and network members.  Similarly, the ministry highlighted the development and implementation…