Ukrainian regulators have announced their intention to adopt the Markets in Crypto-Assets (MiCA) regulation, which was recently passed by the European Parliament.

Ukrainian regulators have announced their intention to adopt the Markets in Crypto-Assets (MiCA) regulation, which was recently passed by the European Parliament. Yaroslav Zheleznyak, the Deputy Chairman of the Tax Committee of Ukraine, stated that he and colleagues are already working on implementing some provisions of MiCA to make crypto assets legal in Ukraine. The introduction of MiCA aims to establish standardized rules for crypto assets across the European Union, which could enhance the competitiveness of startups and lead to a rise in their market share compared to unregulated competitors. Despite still requiring legal and linguistic checks and publication in the EU journal, stakeholders in the crypto industry have responded positively to the development. Ukraine's move to adopt EU regulations comes after the country received candidate status for EU membership in June 2022.

Ukrainian President Volodymyr Zelenskyy has signed the country's first-ever non-fungible token (NFT) named UACatsDivision, which aims to support the military and armed forces. The proceeds from the sale of the NFTs will be used to purchase weapons and assist the country's armed forces, bolstering the nation's security and defense capabilities.

The world’s leading digital asset exchange in terms of trading volume, Binance, said on Monday that Ukrainian hryvnia purchases through the digital wallets Settlepay and Advcash will be unavailable, starting from March 21.

Nowadays the crypto industry is not completely free from political influence. Here is how the Binance P2P platform interacts with Russian and Ukrainian users.

Japan has taken a major step forward when it comes to stablecoins, with several notable banks testing stablecoin usage on Ethereum-compatible blockchains.

Crypto classes organized for Ukrainians have begun on a government-run portal, a minister announced. More than 20,000 people have registered for the educational course in the war-torn country which maintains an objective to become “the best crypto jurisdiction.”

Crypto donations collected by the government in Kyiv since the start of the Russian invasion have amounted to almost $70 million, according to Chainalysis. Ether has been the most donated crypto followed by bitcoin and the stablecoin tether, the blockchain intelligence firm said in a report.

Nishad Singh, former engineering chief of bankrupt cryptocurrency exchange FTX, pleaded guilty to fraud and several other criminal charges at a hearing on Tuesday related to the collapse of the company, Bloomberg reported.

A year after Russia’s invasion, Ukraine continues working on cryptocurrency legislation, but the war has not changed its regulatory stance, according to a Kyiv official.