The ministry and committee of Digital Transformation in Ukraine has announced that Ukraine will not be regulating the mining of cryptocurrencies. The official document was published on the ministry's website. The ministry believes that this industry is already governed by consensus rules of the blockchain. Therefore the Ministry does not feel compelled to draw up regulations for this sector.

Ukraine is well underway trying to figure out ways that would make crypto work the coming decennial. For example, a bill has recently been passed that would make it obligatory to report profits earned through the trading of crpto and alto coins however that bill has not been assessed yet. There is also another initiative in progress which would require merchants to report all transactions that exceed US$1200 in an effort to tackle money laundering.

Expect a lot of new and interesting changes for Ukraine who are now on the forefront of trying to create a new economy that embraces today's new digital coins. Of course, there are numerous advantages to economies that have more tolerant approach towards the alt coins. Consider the formation and implementation of state policy in the field of digitization. This would set the foundation for creating a true digital economy that welcomes creativeness and innovation in the digital world. The creation of a true information economy that incorporates and supports the development of virtual assets, blockchains, tokenization and artificial intelligence (AI).