Alex Jaxon

Alex Jaxon

1631188387

Ukraine becomes the latest country to legalise cryptocurrencies

Ukraine’s parliament has adopted a new law that legalises and regulates cryptocurrency and other virtual assets like tokens.

The bill was passed in a near-unanimous vote on Wednesday and will now need to be signed by President Volodymyr Zelensky.

Ukraine is the fifth country in as many weeks to set up ground rules for digital currencies following El Salvador’s move to adopt Bitcoin as legal tender.

According to the Ukrainian draft bill, the law will regulate “legal relations arising in connection with the turnover of virtual assets in Ukraine, defines the rights and obligations of participants in the virtual assets market, and the principles of state policy in the field of virtual assets”.

Put simply, the law will protect the owners of virtual assets and exchange platforms from fraud.

Cryptocurrencies in Ukraine have long been in a grey area, being neither legal nor forbidden due to a lack of existing laws that defined them and their usage.

While buying and exchanging cryptos was allowed, local courts could not protect people in cases of fraud or if something went wrong.

According to the Kyiv Post newspaper, authorities have typically regarded digital cash and cryptos as a “scam” and have raided crypto-related businesses and even confiscated equipment “without any grounds”.

Ukraine’s crypto future

 

The draft law may also determine how Ukraine will regulate cryptos in the future. The country plans to open up the cryptocurrency market to businesses and investors by 2022, a spokesperson from the Ministry of Digital Transformation told the Kyiv Post.

Ukraine’s Minister of Digital Transformation Mykhailo Fedorov also recently said the country was modernising its payment market so that its National Bank could issue digital currency.

There is a growing number of governments trying to regulate cryptocurrencies. Besides Ukraine and El Salvador, Cuba and Germany have also made strides.

Panama could be the next country to regulate cryptos as it is currently considering a draft law.

Source From : INC42.com

If you want to build a cryptocurrency exchange in Ukraine, Bitdeal is a Leading Cryptocurrency Exchange Development Company provides, Cryptocurrency Exchange Software Development  services to launch your own  secured and fast performing and high ROI based Centralized Exchange, Decentralized Exchange and Hybrid Cryptocurrency Exchange with Unique Features based on your requirements.


 

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Ukraine becomes the latest country to legalise cryptocurrencies
Amara Sophi

Amara Sophi

1593680226

Kickstart your Reliable Cryptocurrency Exchange Business in 2020!

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walter geed

1605848956

Best Cryptocurrency Development Company | Cryptocurrency Software Solutions

Shamlatech is the Best Cryptocurrency Development Company with customized solutions for you.
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hasho gen

hasho gen

1605526612

Cryptocurrency Exchange Essentials

It is learnt that a **Cryptocurrency exchange **or DCE short for digital currency exchange is a popular service/platform that enables clients to trade cryptocurrencies for other resources, such as other cryptocurrencies, standard FIAT cash or other digital currencies.

Primarily they allow trading one cryptocurrency for another, the buying and selling of coins, and exchanging FIAT into crypto. There are different crypto exchanges may have different options and features. Generally some are made for traders and others for fast cryptocurrency exchanges.

Do you want to know how do exchanges set their prices?

Mostly there is a common misconception is that exchanges set prices. However, this is not true. There’s no official, global price. The exchange rate of a cryptocurrency generally depends on the actions of sellers and buyers, although other factors can affect the price. Moreover the prices vary depending on the activity of buying and selling on each of these exchanges.

In addition each exchange calculates the price based on its trading volume, as well as the supply and demand of its users. This means that the higher the exchange, the more market-relevant prices you get. Actually there is no stable or fair price for Bitcoin or any other coin - the market always sets it.

Do you know how crypto exchanges make money?

Amazingly the exchanges make profit from different revenue streams, most popular four are: commissions, listing fees, market making, and fund collection for IEOs, STOs and ICOs.

Popular Commission - trading fees

The most familiar way to monetize exchanges cryptocurrency and traditional exchanges is to charge commissions in the market. Actually this commission pays for the trade facilitation service between the buyer and the seller. The commissions can be as low as 0,1% per transaction and due to low trading cost bring in high trading volume.

Quality Listing Fees

Due to heavy competition, the newly created exchanges struggle with low volume during their early stages and therefore need another source of revenue. Also many exchanges opt for token and coin listing services to drive revenues. By organizing Initial Exchange Offerings (IEOs), Security Token Offerings (STOs), and Initial Coin Offerings (ICOs), exchanges might professionally collect a percentage of funds raised from these offerings.

Which is the best Cryptocurrency exchange software development company?

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I am Developer

1597487472

Country State City Dropdown list in PHP MySQL PHP

Here, i will show you how to populate country state city in dropdown list in php mysql using ajax.

Country State City Dropdown List in PHP using Ajax

You can use the below given steps to retrieve and display country, state and city in dropdown list in PHP MySQL database using jQuery ajax onchange:

  • Step 1: Create Country State City Table
  • Step 2: Insert Data Into Country State City Table
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  • Step 4: Create Html Form For Display Country, State and City Dropdown
  • Step 5: Get States by Selected Country from MySQL Database in Dropdown List using PHP script
  • Step 6: Get Cities by Selected State from MySQL Database in DropDown List using PHP script

https://www.tutsmake.com/country-state-city-database-in-mysql-php-ajax/

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aviana farren

aviana farren

1623742835

How To Overcome The Challenges Involved In Cryptocurrency Exchange Development?

Creating their own cryptocurrency exchange has become a common phenomenon among entrepreneurs in the cryptosphere in recent years. Cryptocurrency exchanges are the main driving force behind the crypto market volume growth over the past decade, and they have provided lucrative opportunities for many entrepreneurs around the world. Many entrepreneurs have become millionaires by launching their own cryptocurrency exchange, which is why the demand and competition around crypto exchanges have drastically increased in the last few years.

Even though starting your own cryptocurrency exchange is lucrative, there are also many challenges involved in the cryptocurrency exchange development process. Especially in this intensely competitive scenario, every aspect of your cryptocurrency exchange development plays a crucial role in determining the success and visibility of your exchange over your competitors. To ensure long-term sustainability and success for your exchange, it is essential that you identify the pain points involved with crypto exchange development, and learn how to convert the odds into your favor. So, let’s go ahead and take a look at some of the significant challenges involved in developing an exchange from scratch, and solutions that will help to overcome them.

Read More @ https://bit.ly/3vpK64S

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