Ukraine Legalizes Cryptocurrency as Pro-Russia Separatists Attack Village

Ukraine Legalizes Cryptocurrency as Pro-Russia Separatists Attack Village
  • Ukraine has passed a law favoring cryptocurrency use.
  • Pro-Russian separatists are accused of attacking a village near the border.
  • Meanwhile, the crypto market is now in a bloodbath.

Ukraine has legalized cryptocurrency use in the country. According to a tweet by Vice Prime Minister Mykhailo Fedorov, the country has already passed its law to enable crypto trading and use while protecting citizens from fraud.

Vice Prime Minister Fedorov’s statement came one week after Bitcoin donations flooded Ukraine amid ongoing tension with Russia. Ukraine sympathizers sent crypto to help fund the country in terms of boosting its armaments.

The news came as Ukraine alleged that pro-Russian separatists have attacked a village near the border. According to the country, these pro-Russian supporters fired at least 32 shells against kindergartens and communal infrastructure. 

Meanwhile, Russia denied the accusation. US President Joe Biden and other world leaders said this is one of Russia’s schemes to begin its invasion.

Meanwhile, the crypto market has seen increased volatility due to the ongoing crisis in Eastern Europe. At the time of writing, the global crypto market has shed billions of dollars, losing its grip at $2 trillion. 

Bitcoin is down to $41,000 again, while Ethereum fell to sub-$3,000. The rest of the market is also witnessing a bloodbath.

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