Ukraine will soon become a global center for investors from all over the world.
This is reported by RBC-Ukraine with reference to IT businessman Mykola Udyanskyi.
He is confident in the rapid and inevitable rise in price of most cryptocurrencies. First of all, this concerns bitcoin, because next year another halving is expected (the reward for BTC miners will be halved).
"Price dynamics tell us that the first cryptocurrency always shows a slump before the halving and then a further rise, up to a new historical maximum," Udyanskyi notes.
The businessman is sure that the value of the main digital asset can be positively affected by the development and widespread implementation of technology blocks.
“Imagine the limitless possibilities combined with the decentralization of finance. I am sure that the implementation of blockchain technologies will cover literally every sphere of human activity. That is why one of the most pressing issues in Ukraine now is the legislative regulation of cryptocurrency," he emphasized.
Due to the lack of adequate rules for the work of this area, we still have poorly developed crypto services. For example, very recently Monobank refused to introduce bitcoin as a means of payment due to its "bad reputation". At the same time, one of the co-founders of the bank owns a "small portfolio of bitcoins".
Udyanskyi also recalled that at the beginning of last year, the president signed a law on the legalization of virtual assets in Ukraine. This made it possible to use cryptocurrencies to collect donations, and not only for our army, but also to organize the transportation of large volumes of humanitarian aid to everyone who needs it.
But a year later, the NBU decided to introduce restrictions on high-risk transactions. Ukrainian banks stopped working with stock exchanges, equating these transfers with gambling and betting niches. In fact, the lack of clear demarcations served as a kind of "shot in the leg", because today thousands of people from all over the world want to join armies, but they cannot.
At the end of 2023, the law is planned to be upgraded - it will be adapted to the European requirements of MiCA (Markets in Crypto-Assets - the EU law on the regulation of digital assets), taking into account the future membership of Ukraine in the EU. This will allow for detailed clarification of key terms and establish the basics of tax regulation in areas related to cryptocurrencies. But there is one but". Tax laws can slow down this process.
A complete reboot will bring market players out of the shadows. First, these are taxes to the treasury, and secondly, the full functioning of cryptocurrency with further development of niche business, in particular, launchpads.
"With the advent of legalization under EU regulations, businesses will get the green light to work with cryptocurrencies, allowing banks to freely deal with such assets. This is a step towards new economic opportunities and budget strengthening. The most expected scenario is the growth of the country's reputation in the international arena. Ukraine will become a magnet for investors," Udyansky believes.
But efficiency will also depend on the business climate. First of all, it concerns the authorities' attitude towards domestic startups and taxation. These factors are indicative.
"If everything is done correctly, Ukraine will become a key player on the global crypto scene in the coming years. Don't forget, we are the frontrunners in the blockchain market of developers and entrepreneurs, and we have an active community to develop and adapt new technologies. We are ready to help with the introduction of Security tokens that act as digital representatives of real assets: shares or bonds. These are completely new horizons for attracting capital," the IT specialist concluded.
Udyanskyi also added that it is necessary to take advantage of the opportunity to put the domestic industry on the business rails, and Ukraine will not lose anything from this, just the opposite. The result will be a powerful return in the form of economic growth, thousands of jobs and other bonuses.
We will remind you that Mykola Udyanskyi is an entrepreneur and philanthropist, the founder of successful crypto projects Prof-it and Qmall. Included in the top 100 richest people of Ukraine according to Forbes Ukraine.
Since March 2023, he has been appointed Honorary Consul of Romania in Kharkiv. The businessman invests considerable funds in the purchase and delivery of humanitarian aid for Ukrainians from EU countries.
Actively participates in projects to develop the country's defense capabilities. Among the most famous are the development of INGUAR armored vehicles and the creation of the CyberPort bio-technological university, one of the goals of which is the formation of the future cyber army.
