Реклама партнера — Название партнёра
UNIT.City — місце, де люди працюють... КРАЩЕ! Обирай свій простір просто зараз 👉

The final text of the crypto law is ready: Binance said whether licensing is possible in Ukraine this year

Discussions around the legalization of the crypto market in Ukraine have been going on for over six years, and only now has the country come very close to the final stage of this process. The emergence of full-fledged regulation will allow Binance to officially launch a local exchange and begin licensing. At what stage the draft law is now, said Kirill Khomyakov, who has been heading Binance in Central and Eastern Europe (CEE), Central Asia and Africa since 2023.

5
The final text of the crypto law is ready: Binance said whether licensing is possible in Ukraine this year

Discussions around the legalization of the crypto market in Ukraine have been going on for over six years, and only now has the country come very close to the final stage of this process. The emergence of full-fledged regulation will allow Binance to officially launch a local exchange and begin licensing. At what stage the draft law is now, said Kirill Khomyakov, who has been heading Binance in Central and Eastern Europe (CEE), Central Asia and Africa since 2023.

Reference

Binance does not disclose local statistics, but emphasizes: Ukraine is among the top 10 markets in the world by all indicators. In total, the exchange's global base has 320 million users, and among the largest countries are China, Nigeria, Pakistan, Turkey, and the Philippines.

Binance sees huge potential for growth within Ukraine. The company’s goal for 24 months is to attract 10 million Ukrainians who are already active e-commerce users.

"We are in a very productive dialogue with all possible regulators: the Ministry of Digital Transformation, the National Securities and Markets Commission, the National Bank, and the deputies. The deputies are currently considering amendments to the draft law," said Kyrylo Khomyakov in an interview with Forbes Ukraine.

We will remind you that the compromise version of the document was supported by the Verkhovna Rada in the first reading, after which thousands of amendments were submitted to it. Binance actively provided its comments and suggestions. The goal of the world's largest crypto exchange is to help balance the bill in a way that protects users, increases the country's tax base, and at the same time does not kill innovation.

According to Khomyakov, the final text of the law is already ready, and it will soon be submitted to parliament for approval.

"The market regulators will be the National Securities and Markets Commission and the National Bank of Ukraine," adds Khomyakov. "If nothing changes, both regulators should prepare bylaws to begin the licensing process. This will take about six months. That is, nothing will change for the market this year."

Kyrylo Khomyakov emphasizes that the main architecture of future regulation will be formed precisely at the stage of secondary legislation.

First, it is the protection of personal data. There is an ongoing discussion about this. According to the draft law, exchanges will not be tax agents, and this is pleasing.

“Secondly, the tax burden. The vast majority of users are willing to pay reasonable taxes and receive official confirmation and the right to use crypto assets. The proposed tax rate is currently quite high — 23%. I would like it to be lower. A lower level and an additional transitional grace period for tax for individuals were proposed. The availability of futures and derivative products, the size of credit trading leverage will be formed in subordinate legislation,” explains the regional top manager.

Binance does not plan to obtain a full banking license in Ukraine, as the company does not intend to engage in classic lending or deposit-taking. Instead, the focus will be on expanding financial opportunities for users: opening cards and accounts in hryvnia, ensuring domestic and international payments, as well as providing tools for investing in traditional stocks, precious metals, etc.

The company's strategy is built on partnerships with already licensed financial institutions. Instead of directly purchasing a bank, Binance is developing a flexible integration model through Crypto-as-a-Service solutions, providing a backend for financial institutions and expanding its network of payment providers across jurisdictions.

The company is also considering launching trading in domestic government bonds (OVDP), if future regulatory regulations and technical infrastructure allow. Binance emphasizes that it seeks to adapt all locally demanded products to the needs of Ukrainians, because the company's goal is not just to be the largest global exchange, but the best local platform in Ukraine.

UPD. Binance has stopped withdrawing funds to cards for users from Ukraine
UPD. Binance has stopped withdrawing funds to cards for users from Ukraine
On the topic
UPD. Binance has stopped withdrawing funds to cards for users from Ukraine
Binance employee used insider information for personal enrichment: company will pay $100,000 in rewards to whistleblowers
Binance employee used insider information for personal enrichment: company will pay $100,000 in rewards to whistleblowers
On the topic
Binance employee used insider information for personal enrichment: company will pay $100,000 in rewards to whistleblowers
“The Biden Administration’s War on Cryptocurrency is Over.” Trump Pardons Binance Founder Convicted in the US
“The Biden Administration’s War on Cryptocurrency is Over.” Trump Pardons Binance Founder Convicted in the US
On the topic
“The Biden Administration’s War on Cryptocurrency is Over.” Trump Pardons Binance Founder Convicted in the US
Parliamentarians and Binance are preparing a bill on a crypto reserve. How is it possible to create one?
Parliamentarians and Binance are preparing a bill on a crypto reserve. How is it possible to create one?
On the topic
Parliamentarians and Binance are preparing a bill on a crypto reserve. How is it possible to create one?
Read the country's main IT news in our Telegram
Read the country's main IT news in our Telegram
On the topic
Read the country's main IT news in our Telegram
Also Read
Студентка-шахрайка отримала в суді 80 годин виправних робіт. Кримінальна історія з Коростеня про TikTok, Instagram та Binance
Студентка-шахрайка отримала в суді 80 годин виправних робіт. Кримінальна історія з Коростеня про TikTok, Instagram та Binance
Студентка-шахрайка отримала в суді 80 годин виправних робіт. Кримінальна історія з Коростеня про TikTok, Instagram та Binance
9
«Я вірю, що ми живемо в симуляції» Засновник Binance доводить, чому ми живим в Матриці
«Я вірю, що ми живемо в симуляції» Засновник Binance доводить, чому ми живим в Матриці
«Я вірю, що ми живемо в симуляції» Засновник Binance доводить, чому ми живим в Матриці
Засновник криптовалютної біржи Binance Чанпэн Чжао в блозі написав, що вірить, ми живемо в симуляції. За його словами, він говорив про це на VIP-вечері VivaTech у Парижі, а зараз приводить аргументи, щоб переконати спільноту в цьому. Ось, що він мав на увазі.
Binance допоможе у кризу криптопроєктам, але лише «хорошим»
Binance допоможе у кризу криптопроєктам, але лише «хорошим»
Binance допоможе у кризу криптопроєктам, але лише «хорошим»
1 comment
Binance виплачує допомогу українським біженцям. Як її отримати
Binance виплачує допомогу українським біженцям. Як її отримати
Binance виплачує допомогу українським біженцям. Як її отримати
2 comments

Have important news to share? Message our Telegram bot

Key events and useful links in our Telegram channel

Discussion
0

A REAL EXPERIENCE, EVERYONE ... PLEASE BE CAREFUL ONLINE

A few weeks ago, I lost around $64,000 to a fake crypto trading platform. I was drawn in by the promise of earning 15% profit daily. It was a devastating time I struggled to pay my bills and was financially ruined. I eventually opened up to a close friend, who recommended a crypto recovery team with highly effective methods. I contacted them, and they successfully recovered all my stolen digital assets with ease. Their service was excellent, and they acted quickly within just 5 working days, they tracked down the scammers and returned my funds. I strongly urge anyone facing investment theft or similar issues to reach out to this team for the right solution and avoid losing large sums to fraudsters.. Resqprofirm at aol dot com
WhatsApp: +198/ 5296/ 9146

Anderson  James
Anderson James (Fundsretriever AT proton DOT me)! Crypto recovery agent
0

Вивчення втрати 4.45 BTC потребує уважного аналізу того, як саме було втрачено кошти. Якщо ви підозрюєте шахрайство, рекомендується повідомити про це відповідні органи, зокрема місцеву поліцію або підрозділ з протидії шахрайству. Консультація з досвідченим фінансовим радником або юристом допоможе оцінити наявність можливих варіантів повернення коштів, таких як страхове відшкодування або судовий позов. Водночас зараз ідеальний момент, щоб переглянути свої фінансові звички та внести зміни, які можуть знизити ймовірність майбутніх втрат. Для отримання додаткових рекомендацій і порад, будь ласка, зверніться до детального посібника FundsRetriever AT Proton DoT me, TG: AT FundsRetriever.

0

A REAL EXPERIENCE, EVERYONE ... PLEASE BE CAREFUL ONLINE

A few weeks ago, I lost around $64,000 to a fake crypto trading platform. I was drawn in by the promise of earning 15% profit daily. It was a devastating time I struggled to pay my bills and was financially ruined. I eventually opened up to a close friend, who recommended a crypto recovery team with highly effective methods. I contacted them, and they successfully recovered all my stolen digital assets with ease. Their service was excellent, and they acted quickly within just 5 working days, they tracked down the scammers and returned my funds. I strongly urge anyone facing investment theft or similar issues to reach out to this team for the right solution and avoid losing large sums to fraudsters.. Resqprofirm at aol dot com
WhatsApp: +198/ 5296/ 9146

Anderson  James
Anderson James (Fundsretriever AT proton DOT me)! Crypto recovery agent

Comment hidden for violating commenting rules.

Comment hidden for violating commenting rules.