in Ukraine. News of the release came as bitcoin and other cryptocurrencies rebounded after two days of losses partly related to regulators toughening rules on digital currencies in an effort to curb excessive speculation. 8 after Kyivs Sviatoshinsky District Court published a court decision in the state register of court rulings. Several ministries, agencies and the National Bank are engaged in the preparation of the necessary documents. For instance, those who bought Bitcoins last January have seen their value grow by 16 times. And while Ukraine is offering miners decent conditions, including low electricity rates going down.04 per kWh depending on the category of users and no restrictive regulations, in some other European countries mining bitcoin is far from profitable. Under the law, only the central bank can issue currency in Ukraine. But recently he stopped mining. Lack of regulation means that cryptocurrencies are being used to finance terrorism, in particular, in the occupied territories of Ukraine, Ukraines interior ministry said in a recent statement.
No License Needed to Mine Cryptocurrencies in Ukraine - Bitcoin Arrests of Bitcoin Miners in Ukraine Spark Questions About Legality
Authorities say the police found details of accounts in Russian banks during the raid. Photo by, mining service providers usually allocate hardware to cool data centers, maintain them, and report the results of mining to the people who use their services. The country remains attractive to miners while mining costs in many other corners of Europe are simply prohibitive, at the current price of bitcoin. Ukraine has more than 100,000 software developers, and is fourth in the world in the number of IT professionals, after the United States, India and Russia. There are numerous conferences on blockchain technology, and meetups of blockchain enthusiasts in the countrys major cities. The SBU arrived to Kaplans house with this warrant in December, and gained access to Kaplans computers and online wallets. Writing by Matthias Williams, editing by Larry King. Three draft laws have been filed in the Rada since October but deputies have not made any significant progress towards their adoption. Its more profitable to buy cryptocurrencies and trade them than mine them, and thats exactly what Im doing, Pokutnii said.