Ukrainians are very open to digital currency, with Ukranian digital currencies exchange Kuna reporting that small businesses might be turning around up to $5 million worth of digital currencies every week, while retail digital currencies trades total an estimated $800 thousand daily.
Ukraine is the birthplace to teams that founded digital currencies startups Bitfury, Hacken and Propy, not to mention numerous digital currencies developers. While many of these developers are now based abroad, the country is still a competitive jurisdiction for digital currencies startups, believes Alex Bornyakov, the deputy minister for digital transformation of Ukraine.