Legal and Regulatory

Tether (USDT) represents a form of stablecoin engineered to preserve a steady value by anchoring it to a reserve asset, typically a fiat currency such as the US dollar. Operating across diverse blockchain networks, including Bitcoin and Ethereum, Tether serves multiple functions.

Facilitating liquidity and price stability in cryptocurrency exchanges, USDT enables users to seamlessly transfer funds between various digital assets and fiat currencies.

Tether (USDT) represents a form of stablecoin engineered to preserve a steady value by anchoring it to a reserve asset, typically a fiat currency such as the US dollar. Operating across diverse blockchain networks, including Bitcoin and Ethereum, Tether serves multiple functions.
Facilitating liquidity and price stability in cryptocurrency exchanges, USDT enables users to seamlessly transfer funds between various digital assets and fiat currencies.

Today, Ukraine stands on the verge of significant changes in the field of cryptocurrencies, which could have a substantial impact on the country’s economy. The virtual assets market, despite its lack of regulation, shows great growth potential. The National Securities and Stock Market Commission (NSSMC) is making significant efforts to implement a legal framework for crypto asset circulation. This could be an important step in forming a transparent and stable economic system.

What is USDT? USDT (Tether) is a stable cryptocurrency pegged to the US dollar. It was created to provide users with the ability to preserve the value of their assets in the face of high volatility in the cryptocurrency market. USDT represents a digital asset that maintains a fixed exchange rate with fiat currency, typically the US dollar. This stability makes it one of the most popular stablecoins in the market.

In recent weeks, a troubling trend has emerged in Ukraine: some banks have begun charging up to 30% in fees for closing accounts, particularly in situations where this occurs due to violations of financial monitoring rules. This issue has sparked outrage among customers who consider such practices unlawful.

In the modern world of financial technology, cryptocurrencies are playing an increasingly significant role. One such cryptocurrency is USDT, also known as Tether. But what is Tether? It is a stablecoin whose value is pegged to the US dollar, making it attractive to users looking to avoid the volatility of traditional cryptocurrencies. In this section, we will explore how the USDT exchange rate impacts international transactions and how to use a USDT wallet for storing and managing this cryptocurrency. Special attention will be given to the role of USDT in bypassing international sanctions and financial restrictions, as well as discussing ways to buy USDT in Ukraine through an exchange and the future forecasts for the USDT cryptocurrency. We will also look at issues related to payments in USDT to help you effectively utilize the opportunities this cryptocurrency offers under financial constraints.

Tether Limited issued USDT in 2014. Many users wonder where to store USDT, how to exchange it, or how to use a USDT wallet. However, beyond these questions, it is also important to pay attention to financial transparency within the USDT ecosystem.

The influence of cryptocurrency on the global economy is so great that the authorities of many countries are simply obliged to create financial instruments that will work for the domestic digital market of the country, as well as beyond its borders. In this article, we will tell you about the situation with cryptocurrencies not only in the European market, but throughout the world.

On March 16, 2022, President of Ukraine Volodymyr Zelenskiy signed Law No. 3637 "On Virtual Assets", which brings cryptocurrency out of the shadows by legalizing it.