Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
Top Stories This Week
Crypto regulation has received approval from Ukrainian president Volodymyr Zelenskyy. The bill, titled “On Virtual Assets,” was signed by the president, opening the door to government oversight of the domestic cryptocurrency industry.
Ukraine’s Ministry of Digital Transformation said: “The signing of this law by the president is another important step towards bringing the crypto sector out of the shadows and launching a legal market for virtual assets in Ukraine.”
Among other details, the bill specifies that Ukraine’s National Securities and Stock Market Commission will govern the industry on multiple levels, such as digital asset-related licensing.
A significant European Union (EU) regulatory bill known as Markets in Crypto Assets (MiCA) has moved forward, leaving behind wording that essentially would have barred proof-of-work (PoW) crypto assets in the region.
An extensive bill pertaining to crypto regulation in the EU, MiCA had two drafts up for debate — one version that would essentially ban PoW mining and related cryptocurrencies, and another that hosted more favorable language concerning the technology….