Ukraine could be the next country to accept Bitcoin as a currency. Ukraine’s president Volodymyr Zelenski has sent a delegation to meet with colleagues in El Salvador before laying out a plan for cryptoassets.
After El Salvador’s Bitcoin move, the number of countries that are working to give crypto assets a legal status is increasing. Ukraine was the last country to work in this direction and recently sent a delegation to El Salvador, which has accepted Bitcoin as a legal currency.
Expert on the subject, Professor Vyacheslav Evgenyev, says that Ukraine could adopt Bitcoin as an official currency at the beginning of 2023, switch to a two-currency system, and even phase out the country’s official currency, the hryvnia.
According to Evgenev, Ukraine and El Salvador have some things in common. Both have a president who is outspoken about Bitcoin, the energy resources to attract Bitcoin miners, a young population, and the desire to step out of the shadow of their neighbor (Russia). In his statement on the subject, the professor used the following statements:
Last week, Ukraine passed a bill that would give crypto assets legal status. With the bill, crypto assets were recognized for the first time in the country, but on the other hand, crypto assets cannot be used as a means of payment.
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