Turchinov spoke about the control of cryptocurrencies

Турчинов заговорил о контроле над криптовалютами

The NBU is considering the appropriateness of issuing its own cryptocurrency, said the head of the national security Council.

In Ukraine, the cryptocurrency market plan to take under state control – he can’t stay out of the spotlight of the state. This was stated by Secretary of national security Council and defense of Ukraine Oleksandr Turchynov during the meeting of the National coordinating centre for cyber security.

“Despite the rapid development of cryptocurrency in the world, this question can not remain without attention of the state. Further the removal of the state from this issue and the legal vacuum in the cryptocurrency market due to the lack of a legislative and regulatory framework creates a threat to the economy and security of the state” – quoted Turchynov press service of the NSDC.

The meeting instructed the relevant authorities to establish a working group to develop regulatory proposals for the regulation of this issue; the state regulator and the functioning of the cryptocurrency market; the procedure of monitoring of transactions using the cryptocurrency and the identification of subjects of cryptocurrency transactions; and the taxation of income from cryptanalytic operations in accordance with the requirements of the legislation of Ukraine.

In addition, the NBU is considering the appropriateness of issuing its own cryptocurrency.

Earlier it was reported that an American company-manufacturer of photographic and printing equipment Kodak plans to launch its own blockchain platform called KodakOne and its cryptocurrency Kodakcoin.