IBOX BANK welcomes the adoption of the Law of Ukraine on Virtual Assets


Transaction bank IBOX BANK welcomes the adoption by the Verkhovna Rada of the law “On Virtual Assets”, which regulates transactions with crypto assets in Ukraine.

“The draft law No. 3637 on virtual assets establishes rules for service providers related to the circulation of virtual assets, which will contribute to the deshadowing of this market. Legalization will allow foreign and Ukrainian crypto-exchanges to work officially, and banks to open accounts for crypto-companies,” the Chairman of the Board of IBOX BANK Petro Melnyk commented the decision of the Verkhovna Rada.

The Chairman of the Board of IBOX BANK Petro Melnyk also added that the bank supports the course of digital transformation of the state, determination of the legal status of virtual assets and business of this industry in Ukraine.

IBOX BANK is not a member of the crypto system, crypto exchange and does not plan to issue crypto cards. IBOX BANK is studying the laws and is waiting for an explanation from the NBU.

We will remind that on February 17, 2022, the Verkhovna Rada of Ukraine legalized virtual assets, voting for the law on virtual assets and making the National Securities Commission its regulator.