[2017-05-29] Ukraine To Collect Personal Income Tax On Cryptocurrency

[andrzej.srankiewicz]

The Financial Committee of the Ukrainian government has published a draft law that suggests changing the regulation of money transfers, including cryptocurrencies.

According to a report by local news media, the draft of law No. 5361 significantly changes the approach to the questions of digital currency issuing and circulation, in particular, it proposes allowing the release of digital money not only to banks, but also to other financial institutions that have licenses.

You can read the full article and take part in the discussion here: https://coinidol.com/ukraine-to-collect ... ncome-tax/

[Rmcdermott927]

Eventually, most countries will have laws like this and will treat Bitcoin the same as fiat currency. It is taking a little time for the laws to catch up with technology.