Ukrainian President Volodymyr Zelensky, during a meeting with Silicon Valley investors, said that the launch of a legal market for virtual assets is one of the vectors of development for the country’s digital economy.
In his words, over the past few years Ukraine has made substantial progress on the path to forming a digital state. As an example of implemented initiatives, he cited the creation of a special legal regime for Diia City.
It is expected that within three to five years the project will boost the IT industry’s revenues in the country to $16.5 billion per year, the president said.
Zelensky also assured that the state will do its utmost to facilitate and accommodate foreign and Ukrainian investors. He noted that the special legal regime is designed to foster the creation of companies with a capitalisation of more than $100 million that will be residents of Ukraine.
During a meeting with representatives from the Stellar Development Foundation (SDF), Zelensky expressed hope that the organisation would expand its activities in Ukraine in the near future.
“Ukraine is currently the best magnet for blockchain and crypto specialists in Europe. And one of the vectors of Ukraine’s digital economy development is the launch and development of a legal, innovative market for virtual assets,” he said.
As reported, in late 2020 the Ministry of Digital Transformation of Ukraine and the SDF signed a memorandum on cooperation for developing a strategy in the field of virtual assets.
In July the SDF joined the Association of Ukrainian Banks.
On 21 July, the Ministry of Digital Transformation presented a three-year strategy for the development of the virtual assets market.
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