Ukraine plans to regulate political cryptocurrency donations to prevent Russian interference.

CoinFeed reported on March 20th, citing Cryptopolitan, that the Ukrainian government plans to regulate cryptocurrency donations in political funds to prevent Russian interference. The National Securities and Stock Market Committee of Ukraine, in a public discussion with its legal advisors, outlined relevant mechanisms within the upcoming legal framework for the crypto economy, including implementing "travel rules" to identify participants in cryptocurrency transactions and requiring service providers to report information directly to tax authorities. Ukraine will also restrict access to its crypto market to participants created by or affiliated with Russian capital. The Ukrainian securities regulator stated that these measures aim to increase transaction transparency and reduce the risk of opacity or foreign interference in the political process.