In Ukraine, the cryptocurrency market will take under state control, – the NSDC

In Ukraine, the cryptocurrency market plan to bring under state control. This is stated in the message of the Council of national security and defense Council (NSDC).

It is noted that the lack of internal and external control over the circulation of cryptocurrency and anonymity of calculations creates potential preconditions for their use with the purpose of legalization of funds obtained by criminal means, and allows the financing of terrorism, in particular in the occupied territories of Ukraine.

“The decision of the National coordinating centre for cyber security was requested relevant authorities to establish a working group to develop regulatory proposals for the regulation of this issue; the state regulator and the functioning of the cryptocurrency market; the procedure of monitoring of transactions using cryptocurrency and the identification of subjects of cryptocurrency transactions; and the taxation of income from cryptocurrency transactions in accordance with the requirements of the legislation of Ukraine. The national Bank of Ukraine is considering the appropriateness of issuing its own cryptocurrency,” – said in the message of the NSDC.

The Ministry added that in addition to this, mandated to develop a mechanism to ensure law enforcement access to data cryptocurrency exchanges with the commitment of these entities to store information about all transactions and disclosure of information about the client on reasonable request.

Cryptocurrency – a digital currency. Its operation is decentralized in the computer network. The largest platforms for the trading of different cryptocurrencies is BTC-e, Coinbase, Mcxnow, Cryptsy and Vircurex. Large sites focused only on Bitcoin are Bitfinex, BitStamp and BTC China.