For the Ukraine, sentiment towards Bitcoin (BTC) and the broader crypto market has been more favorable. Back in September of last year, the government had introduced a crypto bill only for the Ukrainian President Volodymyr Zelensky to veto it shortly afterwards.
The Bill, legalizing and regulating Bitcoin, only had 6 votes against and 276 votes in favor. According to the Kyiv Post, the President vetoed the Bill and sent it back to Parliament for changes. President Zelensky cited a lack of funds in the budget to meet the regulatory oversight requirements of the Bill.
The previous bill had stated that “the virtual assets market would be regulated by the Ministry of Digital Transformation, the National Bank of Ukraine (NBU), the National Securities Commission (NSC) and a new independent regulatory body that would have to be created“.
The Bill, legalizing and regulating Bitcoin, only had 6 votes against and 276 votes in favor. According to the Kyiv Post, the President vetoed the Bill and sent it back to Parliament for changes. President Zelensky cited a lack of funds in the budget to meet the regulatory oversight requirements of the Bill.
The previous bill had stated that “the virtual assets market would be regulated by the Ministry of Digital Transformation, the National Bank of Ukraine (NBU), the National Securities Commission (NSC) and a new independent regulatory body that would have to be created“.