Legalized by the European Appeal Administrative Court. At the end of 2016, the Appellate Administrative Court of Ukraine made a decision on the approval of the legal status of cryptocurrency.
EDINARCOIN Official means of payment
We managed to prove that Edinarcoin is an official means of payment, and all operations carried out with this cryptocurrency can be equated to operations with fiat money, therefore, cryptocurrency should be considered the same currency as the dollar, ruble or hryvnia.
The difference between cryptocurrency and fiat
Cryptocurrencies are digital assets that are developed by special computer systems and are not controlled by central banks and other government agencies. Since the entire global financial system is structured in such a way that the government, one way or another, has an impact on everything that happens in the country, there is a question about the legality of cryptocurrencies. According to official data, in most powerful countries, the use of digital currencies is not prohibited, therefore, it is possible to perform online transactions, convert a currency to another world currency, exchange it, and perform mining.