the death of
Ukrainian
Bitcoin license
innovation, most often comes from the bottom. A fault occurs in the community and against all institutionalized pressures on the contrary, want to say finally made its way in the government due to mounting pressure from below. For proof of this, you need not look further than the political issues such as gay marriage or the start of the drug war (or his end). Until a year ago, the nascent Bitcoin community in Ukraine wanted to work together with the Ukrainian government to create a safe place for Bitcoin businesses innovate using this bleeding edge technology. This charge was led by Michael Chobanian, the founder of Bitcoin Agency KUNA which is itself one of the founders of the Ukranian Bitcoin Foundation. Last year Chobanian and Ukranian Bitcoin Foundation began working with the National Bank of Ukraine to educate various government agencies on Bitcoin and blockchain technology. In May 2015, a welcomed an Ukranian BitLicense project was released to public view and Chobanian entered the world of Ukranian policy to forge a version that would actually make the Parliament of Ukraine. After several months of working with government agencies, Chobanian was cautiously hope that Ukraine would be able to spend a Bitcoin licensing program that would encourage existing and new businesses to move to Ukraine. He told the media that:.
"It is understood that this technology is here to stay and is the future there is no checkpoint, and they can create conditions where companies can grow. And this is exactly why we are pushing the initiative Bitcoin License Ukraine. "
the reality with Bitcoin licenses is very different from the dream of the government, though. The early establishment in 2015 of the New York BitLicense caused a multitude of digital currency companies established to add the state of New York in their jurisdictions banned list - right next to Iran and North Korea. Even now, almost a year after the BitLicense entered into force, only a BitLicense was granted. Chobanian began negotiations with the Ukrainian bank and the government with clear intentions to avoid the exact situation, but it seems that was not met in kind. Probably Chobanian gave up its negotiations with the Ukrainian government because it realized that the community he represented had everything to lose and nothing to gain. Last week Chobanian announced it was abandoning the project license Bitcoin legislation. He explained that Bitcoin and cryptocurrencies like this are already sufficiently regulated:
"Crypto is completely legal You can use it by all means Regarding the people.. moral, there is little sense in doing anything for them. Even if we adopt the most liberal laws on virtual currencies, I seriously doubt anyone would open businesses in Ukraine. 147 Other taxes and currency regulation are still there, let alone the chaos caused by the law enforcement agencies (Ministry of Interior, State tax Service, the security Service of Ukraine, the prosecutor General's Office, courts, etc. ..) I prefer to leave it as it is. It is a perfect size for a time like this, "
After all this, the creator of Bitcoin Ukranian license decided that this law was not intended. the dominant feeling rational governments of the world is that the existing currency, taxation and anti-money laundering laws (of which there are already many) are sufficient to prosecute malicious use of Bitcoin as money that have and continue to arise. No matter what the future looks like Bitcoin eventually Licenses - technology has already progressed beyond treatment. At present, there cypherpunks working on projects that are not really based in any country. Whether or not these projects, often called Autonomous Decentralized Companies (The OAC), end up being accountable to the laws of any country remains to be seen.
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