Business news from Ukraine

MINING TO RECEIVE OWN CODE IN UKRAINIAN CLASSIFICATION SYSTEM TO STIMULATE CRYPTO ECONOMY IN UKRAINE

16 March , 2018  

The governmental committee has supported a decision of the Innovations Development Council in Ukraine to expand KVED (Ukrainian Industry Classification System) by clause about mining as activities to support functioning of distributed database, maintaining its integrity, invariance and consistency via computing operations made by electronic computing machines, Ukraine’s First Deputy Prime Minister, Minister for Economic Development and Trade Stepan Kubiv wrote on his Facebook page.
He said that Ukrainian Prime Minister Volodymyr Groysman and Head of the parliamentary committee for informatization and communications Oleksandr Danchenko backed the initiative. Kubiv said that he believes that stimulation of crypto economy development in Ukraine is one of the important elements of developing innovations in the country.
Founder of the technological social organization SocialBoost and the first noncommercial open data incubator Open Data Incubator 1991 Denys Hursky also told Interfax-Ukraine that the meeting on the development of innovations held in Kyiv on March 14 also addressed the issue of special employment visas for foreigners. As reported, Groysman predicts the start of the operation of the fund for the development of innovations in Ukraine in July this year.