Ukraine Legalizes Cryptocurrency , While Receiving Millions in Crypto Donations.<br />Ukraine Legalizes Cryptocurrency , While Receiving Millions in Crypto Donations.<br />The Verge reports Ukrainian President <br />Volodymyr Zelenskyy has signed a bill <br />legalizing cryptocurrency in the war-torn country. .<br />The Verge reports Ukrainian President <br />Volodymyr Zelenskyy has signed a bill <br />legalizing cryptocurrency in the war-torn country. .<br />Ukraine's parliament approved the bill last month, saying it “creates conditions for the launch of a <br />legal market for virtual assets in Ukraine.”.<br />Legalization of the digital currency comes as Ukraine <br />has reportedly received tens of millions of dollars in <br />cryptocurrency donations to help fight Vladimir Putin's invasion.<br />Legalization of the digital currency comes as Ukraine <br />has reportedly received tens of millions of dollars in <br />cryptocurrency donations to help fight Vladimir Putin's invasion.<br />Mykhailo Fedorov, Ukraine’s Vice Prime Minister and Minister of Digital Transformation, took to Telegram, saying the law would “bring the cryptosector out of the shadows.”.<br />With the beginning of the war, cryptocurrencies became a powerful tool for attracting additional funding to support the Armed Forces of Ukraine. In more than three weeks of war, the Crypto Fund <br />of Ukraine has raised more than <br />$54 million in cryptocurrencies, Mykhailo Fedorov, Ukraine’s Vice Prime Minister and <br />Minister of Digital Transformation, via Telegram.<br />The Verge points out that while crypto is poised <br />to help Ukrainians with their war effort.<br />it's also viewed as potential help for everyday Russians who've been hit by sanctions
