Home cryptocurency Ukrainian Government Declares Crypto Mining free

Ukrainian Government Declares Crypto Mining free

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Crypto mining free in Ukraine

Ukrainian state agency responsible for licensing regimes has declared that, crypto mining companies are not required to obtain a license.

According to the State Service of Special Communication and Information Protection, the regulator that oversees activities requiring licensing, has revealed that crypto mining is free in Ukraine and as such doesn’t need licensing first.

A recent publish data also showed that The annual revenue generated by the Ukrainian crypto mining industry amounts to over $100 million.

Read Also: $60,000 reward up for anyone with a lead to the Stolen Mining Machine

Ukraine remains attractive to miners while mining costs in many other corners of Europe are simply prohibitive, at the current price of bitcoin.

And the agency in charge of licensing is not planning to introduce such an obligation in the sector in the near future, it said in a response to an enquiry filed by the Better Regulation Delivery Office organization (BRDO).

What do you think about ukraine friendly offer or should it be called generousity?

M

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