Ukraine May Soon Legalize Bitcoin

Ukraine may soon legalize Bitcoin. The National Bank of Ukraine (NBU) is seriously looking into the possibilities of implementing Bitcoin’s technology into the financial system according to Ukraine’s Bitcoin Foundation (BFU).
Ukraine Bitcoin Foundation (BFU) and National Bank (NBU) representatives met on August 19 to get a better understanding of what Bitcoin technology is and how to approach it from a regulatory standpoint.
Interestingly, the Director of the Payment Systems Department Natalia Lapko was responsible for organizing this meeting based on a request from the BFU. Her department has a ‘good understanding of the technology and its benefits,’ according to Kuna Bitcoin Agency founder Michael Chobanian. However, Lapko decided to hold the meeting to familiarize the ‘rest of the departments’ with blockchain technology.
‘Right now, the National Bank is trying to come to terms with the existence of such a currency, which doesn’t have an emission center or single owner, and understand how to work with it moving forward,’ explained BFU Board of Directors member, Aleksandr Momot.

This post was published at Coin Telegraph on 2015-08-31.