The Markets in Crypto-Assets (MiCA) rule was recently approved by the  European Parliament, and soon after, Ukrainian officials made a public  announcement announcing that they will follow suit and enact the same  set of laws domestically.

Since crypto firms are now compelled to abide by 27 different regulatory  frameworks across EU member nations, MiCA is the culmination of years  of work by European policymakers to provide universal legislation and  establish standardized norms for crypto assets throughout the EU.

Yaroslav Zheleznyak, the deputy chairman of the Ukrainian Tax Committee, “We, along with colleagues from the  NKCPFR [National Commission on Securities and the Stock Market] and  other regulators, are already working on implementing some provisions of  MiCA to make crypto assets legal in Ukraine.”

A member of the NKCPFR named Yuriy Boyko stated, “I am sure Ukraine will  be one of the first countries to implement this regulation into  national legislation.”