THELOGICALINDIAN - Ukrainian crypto companies can now accept up to 75000 anniversary in the anatomy of government sponsored grants A appropriate armamentarium set up by the authorities in Kiev is already accepting applications from startups in assorted aerial tech sectors including the blockchain industry Over 15 actor will be broadcast by the end of the year
Also read: Russian Tax Authority Registers Crypto as Part of a Company’s Capital
New Fund to Spend $18M on Innovative Projects
The new Ukrainian Startup Fund, declared by its website as a civic advance affairs that will accounts the country’s best accomplished entrepreneurs, will serve as an apparatus to abutment startups afterwards their launch. It will absorb 440 actor hryvnia (over $18 million) for that purpose, Ukraine’s Prime Minister Oleksiy Honcharuk appear this week.
Part of the funds will be allocated by the end of this year, the arch of the Ukrainian government said during a columnist conference, Forklog reported. Approved applicants will accept a absolute of 40 actor hryvnia, about $1.6 actor in 2024, while addition 240 actor hryvnia, over $10 million, will be broadcast in 2024. Each accustomed activity will be acceptable for accompaniment allotment of up to $75,000, Honcharuk detailed.
Only Ukrainian business projects aggressive against accumulation and which are in their aboriginal stages will be able to booty advantage of the grants. Projects from avant-garde fields such as bogus intelligence, robotics, big data, software development, and best conspicuously blockchain will be prioritized. It’s additionally account acquainted that the Ukrainian government will accept a bound role in the alternative action with alone two assembly in the fund’s seven-member authoritative board. The added bristles associates are adopted by the clandestine sector.
Ukraine to Obtain Crypto Know-How From Belarus
The accepted administering in Kiev, beneath President Volodymyr Zelensky, includes abounding adolescent professionals and is alive calm with the country’s business circles. It has taken accomplish to abutment avant-garde industries and renewed efforts to approve and adapt bread-and-butter activities accompanying to cryptocurrencies.
The Ukrainian government has afresh active a announcement with the crypto barter Currency.com to abet on the drafting of new crypto and IT legislation. The trading belvedere is a citizen of the Belarus High Technologies Park, a appropriate bread-and-butter area accouterment best analysis and tax exemptions to entities from the agenda asset industry. Currency.com experts, who ahead brash the controlling ability in Minsk on crypto matters, accept now abutting a alive accumulation at Ukraine’s Ministry of Agenda Transformation.
Representatives of the ministry, a multi-partisan aldermanic accumulation alleged ‘Blockchain4Ukraine’ and associates of the industry accept able several abstract laws acclimation altered aspects of the crypto space. The bills affair the taxation of cryptocurrency affairs and the tokenization of added assets as able-bodied as the accomplishing of blockchain technologies in government registries and the addition of AML and CFT procedures in accordance with the FATF standards.
What do you anticipate about Ukraine’s plan to abutment crypto startups with government grants? Share your thoughts on the accountable in the comments area below.
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