Cryptocurrency & Blockchain Business prosper in Ukraine

A new run-through of the blockchain sector in Ukraine was recently published by the BAU (Ukrainian Blockchain Association). It emphasize the formation phases of the community and sector, goes ahead to examine the firms partaking in the market and also underlines the areas where these companies offer relevant solutions. The BAU also examined and analyzed future expectations of all market contributors, as well as the degree of business well-being with cryptocurrencies, distributed ledger technology (DLT) or blockchain and the existing regulations governing the industry.

The survey shows that the giant group of firms was launched back in 2017, 14% created in 2018, with around 32% of companies being started up the same year, 20% of the fintech-related firms were set up in 2016, 12 percent of companies were founded in 2015, around 8% were founded back in 2014 and about 8% were created between 2009 and 2014, and the founders of these companies had come from different backgrounds including finance, cryptography, etc., and this shows some level of know-how amongst the managers and founders of these firms

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