Cryptocurrencies: A Beacon for Ukraine’s Financial Revival, Says Hacken CEO
The financial market in Ukraine is in dire straits, with cryptocurrencies being the sole potential foundation for its revival and growth. This was stated by Dmitry Budorin, co-founder and CEO of Hacken, during the “Podcast Society” on ForkLog’s YouTube channel.
He recounted the unfortunate saga of the virtual assets legislation, which failed to come into effect due to opposition from the NSSMC. Budorin blamed the commission for the collapse of the stock market.
“It’s a very sad story… They simply started pushing the same law in the Rada, but with the Securities Commission as the regulator. As a result, the law was neither passed nor signed—everything stalled,” the expert lamented.
Budorin also predicted the inevitable institutionalization and increased compliance for major crypto exchanges like Bybit, where tokenized stocks are already traded.
“Crypto exchanges must either comply with regulators’ demands or perish,” declared the Hacken co-founder.
According to him, the liquidity of some digital asset trading platforms is already comparable to, and sometimes exceeds, that of traditional markets, making them a priority target for regulators.
Thus, global institutionalization of the crypto industry is becoming not just a trend but a matter of survival for key players.
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