This was announced by the chairman of the village council of Elizavetovka village, Maxim Golosnoy: “While the VR deputies have parted for the long-awaited vacation, and the state administration system has not decided on the legal position in the circulation of the crypto-currency, the village council of the Dnipropetrovsk region has already legalized its crypto assets through state registration.”

This is the second stage of the crypto-currency experiment, which is being carried out by this local government body. Previous deputies of Elizavetovka Village Council voted to entrust the village head, Maxim Golosnoy, with independent operations with a crypto currency in the public interest.

The main goal is to fully legalize the crypto-currency assets. For this, at the regular session, amendments were made to the charter of the territorial community of the  Elizavetovka village, which has already passed state registration.

Elizavetovka is the only settlement where every member of the territorial community is already provided with crypto units Cardano (ADA), Stellar Lumens (XLM), TRON (TRX), SwftCoin (SWFTC).

For members of the territorial community of Elizavetovka village, the monetization of CARDANO cryptoactive agent (ADA) will begin on January 1, 2019.

Soon, 200,000 budget funds will be allocated to purchase crypto currency.