Latest Developments in Ukraine Monitoring

This indicator tracks the latest developments in Ukraine events in real time and keeps an eye on the impact on the crypto market sentiment.

Ukraine Doubles Down on Crypto-Friendly Regulation Efforts, Aims for Top Spot KingData News: Ukraine is aiming to become a top 5 country in the world in terms of crypto legislation, and the efforts have the “total support” of both President Volodymyr Zelenskyy and the government, according to a high-ranking Ukrainian government official. “We are aiming for Ukraine to become one of the top 3-5 countries in the world with the best legislation for crypto,” said Alexander Bornyakov, Ukraine’s Deputy Minister of Digital Transformation. The deputy minister further said that the plan to place Ukraine among the leading countries in the world when it comes to crypto has the full support of the Ukrainian government. Moreover, Bornyakov pointed to non-fungible tokens (NFTs) as an area of particular interest to himself and the government. He said that the government believes one of the purposes of NFTs and the blockchain is to document history, and opined that this is especially important as Russia “tries to erase our history.” The comments from Deputy Minister Bornyakov were given during a virtual panel discussion on Friday hosted by MetaHistory, a collaboration project between the Ukrainian NFT community and the Ministry of Digital Transformation of Ukraine. Also participating in the discussion was Dmitriy Buterin, the father of the Ethereum (ETH) co-founder Vitalik Buterin, who focused on the opportunities crypto could bring for Ukraine. Buterin proposed that Ukraine open itself up as “a testbed” for new crypto projects. He said this is something that is badly needed given all of the “interesting experiments” that are taking place in the crypto world, and suggested that a form of crypto-based universal basic income (UBI) could be part of it.