Breaking News
Investing Pro 0
Black Friday SALE: Up to 54% OFF InvestingPro+ CLAIM OFFER

Ukraine Vice Prime Minister: Bitcoin “Creates High-Tech States”

Cryptocurrency Feb 01, 2022 10:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters. Ukraine Vice Prime Minister: Bitcoin “Creates High-Tech States”
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio

  • Ukraine’s Vice Prime Minister Mykhailo Fedorov expressed approval on Bitcoin mining.
  • He said the country will become more “high-tech” with Bitcoin usage.
  • Last year, the government legalized all virtual assets, including cryptocurrencies.

Ukraine’s Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov remarked that Bitcoin mining will make Ukraine a ‘’high-tech state’’ after the government legalized cryptocurrency last September.

Along with cryptocurrency, the government legalized other virtual assets.

He affirmed that the development of the crypto industry can attract transparent investors and empower the identity of the country with the high-tech realm.

Ukraine has been crediting itself with the key decentralized finance axis in Eastern Europe and across the world. Later on, the imposed basic regulations on digital financial assets made the country partially halt its crypto plans.

Brokerchooser, a data-driven comparison tool, found Ukraine as the leading country with the most interest in cryptocurrency. The number of crypto owners in the country is 5,565,881, while the total crypto searches amount to 51,470.

In addition, Ukraine stands fourth on the Global Crypto Adoption Index, as analyzed by Chainalysis.

Primex Finance (a brokerage protocol developing company) Co-founder Dmitry Tolok said:

Crypto is another quite easy asset. People are just throwing money at it because there are not a lot of other investment opportunities in emerging markets.

With the likes of the flagship crypto Bitcoin, many Ukrainian software developers noted that DeFi is what it is today because of the wide array of investment opportunities.

Continue reading on CoinQuora

Ukraine Vice Prime Minister: Bitcoin “Creates High-Tech States”

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email