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Ukrainian government and parliament take new steps to support crypto industry

UkraineITnow

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The Verkhovna Rada, Ukraine’s legislature, approved amendments for “the prevention of the legalization of proceeds from crime and the financing of terrorism and weapons of mass destruction proliferation .” Supported by a significant majority in the Rada, these amendments introduce legal terms and definitions pertaining to the crypto space.

As reported by Bitcoin.com, the draft bill aims to transpose into national law the standards of the international Financial Action Task Force (FATF). The bill identifies who is to take responsibility for the oversight of cryptocurrencies in the country. It also incorporates “virtual assets” which have been described as property and as a digital expression of value that can be traded or transferred and used for payment or investment purposes.

Bitcoin.com notes that the Ukrainian government under President Volodymyr Zelensky includes many young IT professionals. Working together with business circles, these professionals have taken steps to support innovative industries. In particular, they have renewed efforts to legalize and regulate economic activities related to cryptocurrencies.

Thus, Ukraine has recently signed a memorandum with the crypto exchange Belarusian Currency.com to cooperate on the drafting of new crypto and IT legislation, reported Bitcoin.com. The Currency.com experts, who previously advised the Belarusian government on crypto matters, have now joined a working group at Ukraine’s Ministry of Digital Transformation.

The “National Startup Fund,”  the state-backed startup investment fund launched earlier in 2019 year, is part of the authorities’ efforts to support the emerging blockchain and crypto industries: startups from these fields are eligible to receive a fraction of the $12 million which the fund intends to inject into innovative companies this and next year.

This article contains excerpts from materials published in Bitcoin.com (1, 2)

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ТОП компаній роботодавців

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📊 Шість IT компаній потрапили у ТОП 10 роботодавців в Україні за версією Forbes.
Серед них:
Intellias
SoftServe
ELEKS
EPAM Systems
Ciklum
DataArt

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Avenga Group купили Perfectial

UkraineITnow

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Cума угоди не розголошується.
Українська сервісна IT компанія Perfectial стала 5 компанією, яка приєднується до Avenga Ukraine
Структурних змін в українських офісах не буде. Після об’єднання кількість фахівців у компанії становитиме понад 3500 осіб.
🍾

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Relevant Software Will Expand Its Market Presence With the Support of the USAID CEP Program

Relevant Software

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Relevant Software, a software development outsourcing company, will expand its marketing activities and market presence with the support of the USAID Competitive Economy Program in Ukraine (CEP).

The company will create articles on best practices in software development outsourcing and product development to help tech leaders built world-class software in a better way. The topics include general software development outsourcing tips, fintech market insights, fintech product development guides, and best practices on hiring and managing remote software developers. The company aims to make its blog a great media resource for tech leaders worldwide with industry insights and practical guides.

About the program

The USAID Competitive Economy Program in Ukraine (CEP) supports startups, small and medium enterprises (SMEs) aiming to provide support for competitive industries and firms on Ukrainian and international markets, foster a better business enabling environment, and enabling Ukrainian companies to benefit from international trade.

Relevant Software’s goals

Ukraine is one of the key exporters of software development services, and one of the USAID CEP’s goal is to help SMEs like Relevant Software extend their export abilities and create new jobs.

Relevant will use the received grant to expand its media presence and establish thought leadership in the tech industry through content marketing. Helping more people learn about Ukraine as a software development outsourcing destination, the company will open new business opportunities and create new jobs in 2021.

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