Binance the leading Cryptocurrency exchange based out in Malta is known for its trading services. The exchange serves users over 90 coins for trading purpose. Recently, the government has accepted to support Ukraine for preparing new rules for cryptocurrencies along with the digitize of the fiancés of the country. As per the announcement made by the exchange on Wednesday, Ukraine’s Ministry of Digital Transformation has accepted the agreement of a memorandum of Understanding (MoU) with Binance to work on the project of establishing the potential legal status of virtual assets and currencies in the country. The Ministry was discovered in September to monitor Ukraine’s transition to a digital economy and online government services.

Under the assistance of the MoU , Binance and the ministry, the step has initiated to join working group to discuss future crypto regulation and the creation of a digital asset market. The exchange is also helping in creating clear and efficient mechanisms to transfer the rights to any virtual assets or currencies through blockchain technology along with the beneficial conditions for investments and business in Ukraine; it was announced in a latest press release submitted to Coin Desk.

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Binance to meet Ukrainian Government Officials

The exchange is also going to meet the government officials of Ukrainian at the time of upcoming visit of team to Kiev. In the announcement, the CEO of the exchange also described the new agreement by being positive for Ukraine by saying that the legal of cryptocurrencies and adopting of enhanced legislation in the environment can easily become one of the key points in enhancing positive growth in the economy of Ukraine along with additional investments to the country.

Three draft bills to be introduced in the parliament

Ukrainian parliament members and entrepreneurs of Blockchain lately announced three draft bills which are going to be introduced in the nation’s parliament soon, which is told by one of the lawmakers, Oleksiky Zhmerentsky, which is posted on Facebook page. The legal for the blockchain company is about to touch the finish line, he mentioned that the creating the drafts only in Ukrainian language for the public to review and comment. Since this news has posted, a lot of comments have been posted including bills phrasing. Though, the Ministry of Digital Transformation is really positive about the upcoming future laws.

Ukraine is presently in a scenario where the executive, legal authorities and market in a stage where understanding the regulation of the Ukrainian Cryptocurrency market, said by Minister of Digital Transformation Mykhailo Fedorov. Also, there is a lot to offer to Binance through the MoU then an advisory role, too.

For availing more information about Binance and its upcoming updates, you can always contact the team who is there to assist you. Feel free to talk to the experts via Binance helpline number which is functional all the time. Users of Binance whenever in doubt can reach to the experts anytime and get productive results.