Business news from Ukraine


Cryptocurrencies are becoming more and more popular, and many new and promising projects appear on the market, bringing new tokens and coins. More and more people are willing to be a part of the crypto industry, or at least to engage with trading. On the one hand, there is nothing complicated about trading – you buy assets at a low price and sell them when the rate boosts. However, if things were that easy, probably everyone would become a trader and gain a fortune. The fact is that there are many pitfalls in crypto trading, and every beginner faces difficulties.

Some crypto platforms offer a demo account to help you feel confident when making deals with crypto. Crypto demo trading is a simulator that allows you to practice trading without the risk of losing real money. Such demo accounts offer virtual assets that have no value and cannot be cashed out. They circulate only in the demo environment. You can try various trading strategies without fear of losing assets.

Let’s talk about the benefits of demo crypto trading.

Why is crypto demo trading so good?

  1. Even experienced traders often miss details of their trading strategy and face difficulties. Demo account helps both novice and experienced traders practice and learn their strategies thoroughly, check out all the possible pitfalls, and learn to cope with them skillfully. Practice is the core.
  2. It may happen that when you come to exchange and deposit your money, you find yourself totally lost among all the variety of tools and features. Having practiced before, you will definitely feel more confident and handle all the trading instruments quickly.
  3. Many factors affect the rates of crypto assets, and during demo trading, you will learn to understand the market fluctuations. Moreover, you will learn to cope with emotions and maintain a cool head when making decisions.
  4. Crypto exchange is the easiest process on crypto platforms. Practicing a demo account, you will thoroughly learn other trading instruments like spot, margin, p2p, etc.

The White BIT platform offers a demo account option. It is the easiest crypto exchange for novice traders. It offers over 400 crypto pairs and numerous trading tools. You can buy, sell, and exchange cryptocurrency as well as store it on the platform and receive a percentage for it. It is called “staking,” and it allows to receive passive income. WhiteBIT allows to trade with leverage (borrowed funds), spot trading, p2p, etc.



The Kyiv city authorities initiate the extension of benefits and simplification of procedures to support small and medium-sized businesses, which were adopted by Kyiv City Council in March 2020.
They will be submitted for consideration by the deputies of the newly elected Kyiv City Council, the press service of Kyiv City State Administration reported.
“Today we have gathered with business representatives to discuss problematic issues that have arisen in connection with the weekend quarantine. I want to note that the city is interested in keeping the quarantine as low as possible. The city budget, like business representatives, incurs losses due to restrictions on the activities of entrepreneurs and non-payment of taxes. In the spring, within the limits of our authority, we introduced a set of measures to support small and medium-sized businesses. Our main task now is to continue these benefits until the end of quarantine. We are honest with our entrepreneurs, we are partners. By joint efforts we will be able to achieve the desired result,” deputy chairman of Kyiv City State Administration Oleksandr Kharchenko said.
At the same time, he reported that in order to reduce the rate of the virus spread, it is necessary that patients and contact persons strictly adhere to quarantine and self-isolation.
In turn, representatives of the restaurateur community reported that the benefits introduced by the city in March 2020 made it much easier for them to bear the first quarantine restrictions.
Participants in the meeting also discussed the main problematic issues, and based on its results, clear positions were formed, on the basis of which the relevant department will develop a plan for further actions.

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The Verkhovna Rada intends to amend the Tax Code of Ukraine to support culture, tourism and creative industries.
Some 273 MPs voted in favor of bill No. 3851 at first reading.
According to an explanatory note to the bill, the document proposes to introduce tax mechanisms to provide state support to the spheres of culture, tourism and creative industries in order to prevent their stagnation, preserve and create new jobs.
The bill, in particular, proposes not to tax corporate profits, income of individuals, and a single income tax in the form of a cultural grant.
According to the bill, a cultural grant means “targeted assistance in the form of funds or property, which are provided on a free and irrevocable basis at the expense of the national and/or local budgets, international technical assistance for the implementation of a project or a program in the fields of culture, tourism and creative industries.
In addition, in terms of value added tax, it is proposed not to tax operations on import into the customs territory of Ukraine (import of goods) that are part of the national cinematic heritage.
It is also proposed not to tax certain operations for the supply of national films until January 1, 2025, and from January 1, 2023 to January 1, 2025, not to tax operations on the supply of services for the demonstration, distribution and screening of national films and foreign films that are dubbed, voiced in the state language on the territory of Ukraine, provided that such films are adapted, in accordance with the legislation, in the Ukrainian language version for persons with visual and hearing impairments.

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