A new cryptocurrency-related bill in Ukraine will allow payments in cryptocurrencies like Bitcoin (BTC) despite not recognizing crypto every bit legal tender, a regime official claimed.

Deputy minister of Ukraine's Ministry of Digital Transformation Oleksandr Bornyakov is confident that it would be "quite legal to pay with cryptocurrencies" in Ukraine through payment intermediaries that enable crypto-to-fiat conversions.

The official said in a Friday interview with local financial publication Minfin that Ukraine'due south typhoon nib on virtual assets "clearly states" that cryptocurrencies practise non constitute legal tender in the country, merely assuasive crypto purchases.

However, the bill stipulates that local payment processors would still be able to provide services for converting crypto to fiat to enable payments deriving from crypto, stating:

"Today, the legislation in Ukraine also does non allow you to pay in dollars, but you tin can hands pay for purchases with a dollar card. Currencies are converted instantly during payment. [...] Therefore, it will be quite legal to pay with cryptocurrencies in Ukraine, merely through an intermediary."

Bornyakov as well noted that the upcoming bill will officially legitimize the process of cryptocurrency trading and reporting. "We look that at that place will be a whole market of intermediary services for payment of goods by cryptocurrencies, their storage and substitution. This volition expand the possibilities of their use," he added.

Related: New study reveals high demand for payments in cryptocurrency

As previously reported by Cointelegraph, the Ministry of Digital Transformation recommended the adoption of an updated draft bill "On Virtual Avails" in the second reading in late June. Local east-banking company Monobank later disclosed plans to launch a debit carte du jour featuring Bitcoin trading.

The news comes shortly subsequently Ukrainian President Volodymyr Zelensky signed some other digital currency-related constabulary, referred to as the law On Payment Services. The law officially enabled Ukraine'southward cardinal bank to issue a central banking company digital currency, the digital hryvnia.