No License Needed to Mine Cryptocurrencies in Ukraine

Companies mining cryptocurrencies are not required to obtain a license, the Ukrainian state agency responsible for licensing regimes said this week. The annual revenue generated by the Ukrainian crypto mining industry amounts to over $100 million, according to recently published data. The country remains attractive to miners while mining costs in many other corners of Europe are simply prohibitive, at the current price of bitcoin.

Also read: Crypto Markets, Weak Demand from Miners Hurt GPU...

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