The Ministry of Digital Transformation of Ukraine is interested in participation in the regulation of the crypto assets market, a representative of the ministry Oleksandr Borniakov said at the Blockchain Society and the State of Ukraine open-door meeting in Kyiv.
“The ministry’s plans are to ensure that mining is launched legally after determining its status. That is, those involved in mining could do this without fear that they are in some kind of “gray zone,” he said.
Borniakov said that the Ministry of Digital Transformation also considers its task to ensure all conditions for international cryptocurrency exchanges to work in the country.
According to a message in the Facebook social network that, in accordance with the resolution published last week, the Ministry of Digital Transformation is responsible for the formation and implementation of the government policy in the field of the IT industry, therefore the issue of introducing blockchain technology, its application in public administration and the development of virtual assets is extremely urgent.
According to the ministry, the state plans for the next two to three years the following: legislatively define terminology; work out a compromise version of taxation in this area; by the summer of 2020, implement the recommendations of the Financial Action Task Force on Money Laundering; introduce blockchain technology into public registers; legalize mining and attract international cryptocurrency exchanges to the country.
In this regard, in the near future, the Ministry of Digital Transformation plans to sign a memorandum with the Blockchain4Ukraine inter-faction parliamentary group of the Verkhovna Rada, including more than 50 deputies, the Blockchain Association of Ukraine (BAU), the Better Regulation Delivery Office (BRDO) and other institutions.
“A concept that is understandable for all players should be developed in Ukraine – definitions, information exchange, who regulates and how, issuing licenses, limits, and other things. It will be great if the Ministry of Digital Transformation assumes this… A regulator of market behavior in this area should be defined, as without this, the rights of consumers and investors may be infringed,” acting Director of the Department of Strategy and Reform of the National Bank of Ukraine (NBU) Mykhailo Vidiakin said, commenting on this issue in the Facebook social network.
He also called for the prompt adoption of the required legislation and the development of a strategy with specifying the place of crypto assets in the development of the financial market of Ukraine.
“Now we are developing a strategy for the development of the financial sector until 2025, in which regulators accept proposals from the market. Documents and a form for submitting e-proposals are available on the NBU’s website in the Comprehensive Program for the Development of the Financial Sector section,” Vidiakin said.
Minsk Tractor Plant plans in 2020 to provide Ukrainian dealers with about 5,000 tractors and tractor sets of various modifications.
According to the report on the plant’s website, the corresponding contracts were signed with dealers during the exhibition of large-sized equipment at the Second Forum of Regions of Belarus and Ukraine in Zhytomyr on October 3-4, which gathered 15 Belarusian manufacturers of equipment and ten Ukrainian producers.
At the exhibition, the plant presented seven models of Belarus tractors, including Belarus 320.4 for small farms and Belarus 82.1, Belarus 892.2, Belarus 3522.5 for large farms.
OJSC Minsk Tractor Plant is one of the largest agricultural equipment manufacturers in the world. In addition to the plant, the holding includes nine enterprises, 26 assembly facilities abroad. More than 17,000 people work in production, while products are presented in the markets of more than 60 countries.
Official rates of banking metals from national bank as of October 08
One troy ounce=31.10 grams
National bank of Ukraine’s official rates as of 08/10/19
Source: National Bank of Ukraine
The National Commission for Energy and Housing Utilities Regulation (NCER) has approved a preliminary decision on certification of PrJSC Ukrenergo as an independent operator of the electricity transmission system.
The corresponding document was adopted at a meeting of the regulator on October 7.
According to the previously published draft resolution, Ukrenergo by October 20 should exclude from the charter of the enterprise provisions that do not comply with the requirements of the law on the electricity market, as well as other regulatory documents regulating the energy sector.
The final decision on certification of Ukrenergo is possible after the company completes all the necessary measures specified in the preliminary decision, as well as after the Energy Community evaluates the preliminary decision.
“This is only the first step towards the certification of an independent operator. The preliminary decision will be sent to the Energy Community Secretariat, worked out, and we will expect an assessment of the document for its compliance with European law,” Oleksandr Formahei, a member of the commission, said.
As reported, in late May the NCER allowed Ukrenergo to work in the new wholesale electricity market under the old license until the company passes certification. The certification deadline is October 30, 2019, while Ukrenergo’s license is valid until this date.
British-based Ferrexpo plc, which in Ukraine controls, in particular, Poltava and Yeristovo mining and processing plants (PGOK and YeGOK), continues to increase its fleet of wagons, having received 50 new high-sided cars from Kriukov Car Building Works (KCBW, Poltava region) from the ordered 400.
“Good news … We’ve received the first 50 new wagons from KCBW out of 400 ordered. Thus, there will be 3,050 high-sided wagons operating in Ferrotrans subsidiary. The planned increase in the fleet of our own wagons is necessary to implement Ferrexpo’s strategic plan to double the production of pellets within five years,” Vitaliy Oliynyk, the logistics manager at Ferrotrans, part of Ferrexpo Group, said on Facebook.
However, he noted that now an increase in the fleet of wagons will not lead to an increase in the shipment of products, “since the monopoly carrier does not have the technical ability to deliver goods to their destination.”
“Without attracting private capital to purchase locomotives and using them on trunk routes, we can’t even dream of increasing exports … We expect decisive actions from the new government, and we’ll get to work together,” the manager stated.
He regretted the loss of control over Stakhanov Car Building Plant, which was part of Finance and Credit financial and industrial group controlled by Ukrainian businessman Kostiantyn Zhevaho.
“If it wasn’t for war, then Ferrexpo would have been provided with absolutely any quantity of quality high-sided cars and dump cars produced by PJSC Stakhanov Car Building Plant,” Serhiy Zelensky, the plant’s ex-manager for sales and marketing, noted.
