Ukraine is prepared to lead Eastern Europe's crypto space

Finally, just a few months ago, the Ukranian government presented a new bill on digital assets to legitimize the sector - and this time, the attempt may well be successful.

According to the document, by 2025, crypto assets will fully enter the legislative field and a transparent infrastructure will be created to allow it to operate on the market.

It clearly states that the governmental Ministry of Digital Transformation will be the main regulator controlling and monitoring any activity using crypto assets.

As expected, digital assets are not considered as a means of payment in the new bill.

The document's authors tried to advise on all areas of usage of digital assets, ranging from initial coin offerings to initial exchange offerings to stablecoins and other possible tokenized assets.

Not limited only to this, the new bill describes all the rights and requirements related to custodians of digital assets, including exchanges, multi-signature wallets and any organization that now works and thrives in the crypto environment.

Digital assets as a new possibility for the Ukrainian capital market.

Since there is now a well-defined concept of a secured digital asset, the bill's authors have a stake in the development of tokenized ecosystems.

These may also include tokenized securities under the National Securities and Stock Market Commission's jurisdiction, a government agency that will also have the authority to regulate transactions with digital assets.

Thanks to the new legislative conditions, legal entities whose activities focus on digital assets will now be able to open bank accounts and work freely by exchanging and/or issuing digital assets.