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Ukrainian government and parliament take new steps to support crypto industry

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

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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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Ukrainian IT Awards

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The show is coming!
The final and award ceremony of the largest IT talent competition in Ukraine — the Ukrainian IT Awards.

This year organizers received a record number of applications:
⭐182 applications from more than
⭐106 IT companies!
⭐33 applications have reached the final, and we will find out the names of the winners on December 10 in real-time on the event page!
⭐Here Ukrainian IT Awards

This time IT professionals will compete in 11 individual and team nominations:
▪ Software Engineering
▪ Quality Assurance
▪ Management
▪ IT-education
▪ Infrastructure&DevOps
▪ Design
▪ Product Management
▪ Business Analysis
▪ Software Architecture
▪ Innovation Research of the Year
▪ Impact of the Year

⭐ Toronto TV star hosts Michael Schur and Alexandra Gontar will announce the winners. And musical accompaniment by
⭐Dj Daria Kolomiec will give the holiday a unique sound.
Stay tuned!

👥 Ukrainian IT Awards was founded in 2012 by SoftServe – one of the largest IT service companies in Ukraine. In 2017, the Association “IT Ukraine” became the co-organizer of the competition and in 2020 became its main organizer. SoftServe, EPAM Ukraine, Ubisoft, and Intellias are nomination partners. This year the competition is supported by the Ministry of Digital Transformation of Ukraine.

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Data Science Meetup

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On 25th February, Boris Pratsyuk and Alexander Savsunenko will talk about the data science in a product companies, and will share their own experience and observations.

When: February 25,2020, 19:00-21:00.
Where: Creative Quarter, Gulliver, Kyiv.
Boris Pratsyuk, CTO, Scalarr
Theme: How Big Data and Data Science help fighting fraud

Boris will tell how in the world of digital advertising the bad guys steal money from the app developers who show ads in their apps. Also, how different types of frod look from the data point. How the infrastructure of the whole solution is organized. And finally, he reveals a secret: the difference between data science in outsourcing and product companies.

Борис розповість про те, як у світі цифрової реклами погані хлопці крадуть гроші у розробників додатків, що показують рекламу в своїх додатках. Як з точки даних виглядають різні типи фроду. Як організована інфраструктура усього рішення та які  потрібно мати ролі. І наостанок, розкриє мега таємницю: різниця між data science в аутсорсі та продукті.
Alexander Savsunenko, Senior Research Engineer
Theme: Leveling up your data flow

Alexander has an experience in creating AI/ML algorithms for the business applications. Works with state-of-the-art CV algorithms. Previously, he developed a CV solution for Luminar Photo Editor. Product Model Mistakes from the development to production: How to Work with the growing datasets? How to build an iterative ML model development system? Why do data science need QAs and what is their role?

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