At the beginning of 2016, a significant number of Bitcoin mining capacities were concentrated in Ukraine. By December 2016 we had hosted one of the first crypto conferences on the European continent — BlockchainUA. Dedicated to the latest inventions in the field of financial technology, it gathered more than 1,000 people in the city of Dnipro. Thus, a community of blockchain developers gradually began to form in Ukraine, which is now a proactive and influential community. Then, our government agencies decided to join in the consolidation of Ukraine's success in the crypto world.
Ukraine is considered a #1 IT-outsourcing destination by Global Sourcing Association and has more than 200 thousand high-skilled IT professionals.
One of the Government's priority reforms is to create favourable conditions for doing business. To achieve this goal, the Government's efforts are aimed at improving the regulatory environment (deregulation) along with the implementation of regulatory policy.
Firstly, the government has been working on deregulation and cancelled over 450 outdated regulations.
Secondly, it has introduced a transparent VAT refund system and a more effective Privatization law.
Also, it has adopted Business Pressure Relief Law to prevent abuse of business during pre-trial investigations and decreased the number of inspections of businesses.
Another important step to improving the business climate was the creation of The High Anti-Corruption Court of Ukraine early in 2019.
Currently, the state is working on many other laws aimed at improving the business environment in areas identified in the World Bank Doing Business Index.
23 000 new IT-specialists
From 3,000 to 5,000 IT-companies
100 of the Fortune 500
Ukraine's it in numbers:
400 billion gains by Ukrainians in 2020 by selling Bitcoin (top 10 in the world)
5,5 million owners of cryptocurrencies in Ukraine (12,7% of the total population - 1st in the world)
№ 1 in the world on cryptocurrency transactions volume