The National Securities and Stock Market Commission, the National Bank of Ukraine, and the Ministry of Digital Transformation of Ukraine are notable regulatory organizations that are actively looking for cryptocurrency solutions in Ukraine.
Association: The Blockchain Association of Ukraine controls and enforces compliance with the laws, regulations, and standards of the cryptocurrency market in Ukraine.
Major Investments in Ukraine
Major investments in the cryptocurrency market of Ukraine include mergers and acquisitions, partnerships, funding, product launches, and service launches.
The Ukrainian chain of pharmacies, now ANC Pharmacy, has partnered with Binance, a cryptocurrency exchange, to offer crypto payments via Binance Pay in January 2023. It is part of the quiet revolution whereby, since the beginning of February, a spate of pharmacies in Ukraine has taken to accepting digital payments amid the ongoing conflict. Accordingly, it would help customers’ payments through cryptocurrencies like Bitcoin with the help of Binance’s payment platform.
For example, Binance is the operator of leading cryptocurrency and blockchain infrastructure that announced a Binance Refugee Crypto Card in April 2022 for users in Ukraine who are relocating to the EEA countries as a result of the conflict with Russia. This card has been developed in cooperation with Contis and allows displaced people to spend crypto and make purchases at retailers in EEA countries that accept card payments.
