Financial Times: Ukraine to create group to regulate cryptocurrency market

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Ukraine’s National Security and Defence Council chief on January 11 announced plans to form a government working group to craft regulation on cryptocurrencies, citing a current legal vacuum over the swiftly developing market that “poses a threat to the economy and security of the state.”

The comments made by Oleksandr Turchynov come two weeks after an armed gang kidnapped and later released bitcoin businessman Pavel Lerner in what local authorities have dubbed as a “bitcoin kidnapping and extortion.”

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