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Politics 2019-09-22T18:14:52+03:00
Ukrainian news
Adoption of the law on cryptocurrency will protect miners from abuse of power by security services, - Rybalka

Adoption of the law on cryptocurrency will protect miners from abuse of power by security services, - Rybalka

Consideration and approval of the draft law on cryptocurrency by the Verkhovna Rada will help avoid abuse of power by the government security services against market players and will benefit the economy of the country, Serhii Rybalka, MP, former chair of the VR Financial Policy and Banking Committee said in a video posted on his Facebook page.

"As for mining, we see how many security agencies confiscate equipment of miners, confiscate cryptocurrency, in my opinion, under trumped-up pretexts, and I believe that we must shut it down. We can achieve that only by adopting the law", - he said.

Serhii Rybalka also said that Ukraine here has a unique opportunity to be one of the first in the world, gain experience that will be adopted by other countries and the corresponding law will help attract investment, create jobs and ensure proceeds to the national budget.

He said he supported the idea of online registration of players and their authentication for the possibility to purchase and sell in order to prevent money-laundering transactions.

He also added that the government needed to inform its citizens that purchase and sale of cryptocurrency is a high-risk transaction and that nobody provides any guarantees for it.

As it was earlier reported, in the end of January 2018, Rybalka sent an MP's inquiry to the SBU Head Vasyl Hrytsak regarding searches of home and office of Anatoliy Kaplan, founder of ForkLog magazine on cryptocurrency and blockchain, and possible theft of his personal bitcoins (type of cryptocurrency) from e-wallets by SBU officers.

At the meeting of the VR Financial Policy and Banking Committee on Thursday, February 8, 2018, MPs approved a decision to merge the two existing draft laws on cryptocurrency into one to speed up the process of consideration of this issue in the session hall.

Больше новостей о: Verkhovna Rada cryptocurrency Serhii Rybalka

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