KYIV, Sept 8 – Ukraine’s Parliament approved a bill that makes it legal to make payments in cryptocurrency and other virtual assets, potentially opening a big chunk of transactions for government regulation.

The bill No. 3637 on virtual assets was adopted in the second reading by 276 lawmakers, an overwhelming majority.

Deputy Prime Minister, Minister of Digital Transformation Mykhailo Fedorov said in Telegram that currently the daily turnover of virtual assets in Ukraine is UAH 1 billion, but all this is in the shadows. Thus, international exchanges are not able to enter Ukraine. Taxes are not paid on any transactions with virtual assets.