Ukraine Won’t Regulate Crypto Mining

Ukraine Won't Regulate Crypto Mining

Ukrainian authorities said that crypto mining does not require regulatory activity from governmental oversight bodies or other third-party regulations. The Ministry of Digital Transformation of Ukraine stated that mining does not require regulation by state authorities as this activity is regulated by the protocol itself and network members.

The agency further outlined that it will contribute to the development and implementation of decentralized technologies.

The Blockchain technology and cryptocurrencies are really gathering wild range of adoption in recent times. It should be recorded also that the United States Navy ran to Blockchain to keep messaging secret.

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