Binance and Ukraine partnership for crypto regulations

Binance, one of the largest crypto exchanges worldwide, signed a MoU with Ministry of Digital Transformation of Ukraine for helping develop a national regulatory framework around cryptocurrencies and the digitalization of public sector.

According to the MoU, the two parts will begin a new task force, whose goal will be to conclude in insights about future regulations on cryptocurrencies and blockchain. It also will help on creating a digital crypto market in Ukraine.

Binance pledge to create the infrastructure for transparent and efficient transactions of digital assets of any nature and the framework for easing the conditions for foreign investments and international business in Ukraine.

A group of Ukrainian entrepreneurs focused on blockchain sent a letter to the government, expressing their concerns about crypto regulations. The Ministry sounds optimistic about the situation as the new laws will enable Ukraine to become a crypto friendly destination.