Mykhailo Fedorov, the minister responsible for digital transformation in Ukraine, has promised that the country will become a top destination for crypto assets. He made this statement during an interview with the media at the World Economic Forum in Davos. Fedorov expressed his gratitude to the crypto community for their support of his war-torn nation.
Crypto Donations Have Been Critically Helpful to Ukraine Amid Invasion, Fedorov Says
At the World Economic Forum in Davos, Switzerland, Ukraine’s Vice Prime Minister and Minister of Digital Transformation, Mykhailo Fedorov, acknowledged the critical role that cryptocurrency played during Russia’s early military invasion of Ukraine.
He stated that despite currency restrictions imposed due to martial law, the country was able to acquire the necessary resources for its armed forces thanks to donations made through cryptocurrency. Fedorov credited the global crypto community for their support during this difficult time.
In addition to praising the support from the crypto community, the Vice Prime Minister and Minister of Digital Transformation also highlighted that the government of Ukraine is working on creating a comprehensive legal framework for the full legalization of cryptocurrencies. Recently, the Verkhovna Rada, the Ukrainian parliament, passed the law “On Virtual Assets” in mid-February, which is a step in this direction.
Johnson Philip is a passionate cryptocurrency enthusiast and writer for CoinSEM.com. He has been following the crypto industry for years, and has a deep understanding of the various technologies and trends driving the market. Johnson has written extensively on topics ranging from blockchain development to ICO analysis and is known for his ability to translate complex technical concepts into easy-to-understand language.
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