The law:

• determines the legal status, classification and ownership of virtual assets; 
• determines market regulators - the National Bank of Ukraine and the National Commission on Securities and Stock Market; 
• creates conditions for further formation of the legal field in the market of virtual assets;
• determines the list of providers of virtual assets and conditions of their registration;
• provides for the implementation of financial monitoring measures in the field of virtual assets.

The  National Securities and Stock Market Commission will:

• form and implement state policy in the field of virtual assets;
• determine the order of turnover of virtual assets;
• issue permits to virtual asset service providers;
• regulate, supervise and financially monitor this area.

The attacks are believed to have affected nearly 2000 victims in 71 countries. The cyber actors are known for specifically targeting large corporations, effectively bringing their business to a standstill.

Ransom notes demanded victims pay the attackers in Bitcoin in exchange for decryption keys. 

A number of the individuals are suspected of being in charge of laundering the ransom payments. They would funnel the Bitcoin ransom payments through mixing services, before cashing out the ill-gotten gains. 

The operation took place on 26 October in Ukraine and Switzerland. Most of the suspects are considered high-value targets because they are being investigated in multiple high-profile cases in different jurisdictions.

Authorities from Norway, the United Kingdom, France, the Netherlands, Ukraine, Germany, Switzerland and the United States were involved in the operation.

Among other things, the document said that the government will support digital technologies, even if they are unregulated and not "defined by national law". The government will also establish regulatory sandboxes to evaluate, market test and consider the risks linked to these digital technologies.

The government will also look to establish a regulatory framework around virtual assets, but the proposals will be based on a technology-agnostic approach, best practice and international standards.

The government will also facilitate the interaction between the financial and virtual assets markets, as well as promote the implementation of international best practices in respect of the taxation of virtual assets and the activities of providers, as well as establish mechanisms to prevent abuse and misconduct.