The Ukrainian Government Plans to Legalize Mining

The Minister of Economic Development and Trade of Ukraine Stepan Kubiv said on his Facebook page that the Ukrainian government supported the introduction of the cryptocurrency mining into the national “Classifier of Economic Activities”.

A number of government agencies on behalf will help to develop the necessary documents. This was reported by the press service of the department.



“Ukraine has a strong position in the world’s cryptocurrency community, it is a member of the TOP-14 countries in the development of cryptocurrency economy and the implementation of projects based on the blockchain, but our legislation is not as progressive, we should at least begin with entering mining into the classifier of economic activities in Ukraine, withdraw it from the shadow, where it is now”, — said Kubiv.

The minister believes that such a decision will solve the problem of the mining market unshadowing and attract additional revenues to the budget. Also, this will contribute to the retention of qualified IT professionals, who often leave the country.

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