Bittrex Exchange Denies It Sought to Collaborate With Ukrainian Government

A Ukrainian government official said that United States cryptocurrency exchange Bittrex sought to collaborate with the Ukrainian government on developing the country’s cryptocurrency industry.

In a Nov. 20 interview with domestic blockchain media outlet ForkLog,. Deputy Minister of Digital Transformation Alexander Bornyakov claimed that Bittrex contacted the Ukrainian government to this end.

Referring to Ukraine’s recent memorandum of understanding with Binance to collaborate on creating crypto legislation in the country, Bornyakov said, “After we announced it, we began receiving requests from Bittrex, from Coinbase.”

Bittrex did not contact the Ukrainian government

Bornyakov’s statement was soon reported by local publications, interpreting it as Coinbase and Bittrex seeking to open offices in Ukraine. Cointelegraph contacted both exchanges for clarification, and a Bittrex spokesperson denied Bornyakov’s statement, saying, “We would like to confirm that no one from Bittrex Global has been in contact with an official of the Ukrainian government.” Another spokesperson added:

“Bittrex is committed to helping foster innovation of blockchain technology around the world. However, Bittrex has not reached out to Ukraine’s Deputy Minister of Digital Transformation to partner with them.”

At press time, both Coinbase and Bornyakov have not responded to Cointelegraph’s request for comment. This story will be updated with their comments should they respond.

Cointelegraph previously reported that the Ukrainian government and Binance are forming a working group focused on creating “new virtual assets and a virtual currencies market in Ukraine.”

Binance CEO Changpeng Zhao said that the legalization of cryptocurrencies and the adoption of progressive legislation can play a key role in bringing positive growth to the economy, as well as attract further investment.

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