2018-6-24 13:22 |
Mining
Companies mining cryptocurrencies are not required to obtain a license, the Ukrainian state agency responsible for licensing regimes said this week.
The annual revenue generated by the Ukrainian crypto mining industry amounts to over $100 million, according to recently published data.
Also read: Crypto Markets, Weak Demand from Miners Hurt GPU Producers
No Plans to Introduce Licensing for Miners
Cryptocurrencies can be mined in Ukraine without a license, according to the State Service of Special Communication and Information Protection, the regulator that oversees activities requiring licensing.
Samodhodsky also noted that entrepreneurs and companies operating in the sector usually try to avoid official registration because of the uncertain legal status of cryptocurrencies and crypto transactions.
Ukrainian Miners Make $100 Million Annually
Crypto mining is just one of the segments of the country’s crypto industry awaiting comprehensive regulation.
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