Ukraine's Zelenskyy legalizes cryptocurrencies as donations jump to $100M

Ukrainian President Volodymyr Zelenskyy on Wednesday signed a bill into law that legalizes cryptocurrencies in the country. Specifically, the law determines the legal status, classification, ownership and regulators of virtual assets, in addition to setting registration requirements for virtual asset services providers, the Ministry of Digital Transformation stated. Going forward, "foreign and Ukrainian cryptocurrencies exchanges will operate legally and banks will open accounts for crypto companies," the digital ministry wrote in a Twitter post. "It is an important step towards the development of the VA market in Ukraine." The market will be regulated by Ukraine's National Commission on Securities and the Stock Market. The move comes as the Ukrainian government receives ~$100M in crypto donations from those that want to support the country's defense efforts amid Russia's invasion, CoinDesk reported. This compares with a $22.2M stash near the end of February. Meanwhile, crypto's remain mostly in the green intraday, with bitcoin