Regulation
The NBU has spoken out against a bill to legalize cryptocurrencies in Ukraine
The National Bank of Ukraine did not support Bill No. 10225-d on the regulation of the virtual asset market in its current form. The regulator warns that certain provisions of the bill could pose risks to the hryvnia, financial stability, and competition in the cryptocurrency market. At the same time, the NBU emphasizes that, in general, it supports the legalization of cryptocurrencies in accordance with the European MiCA regulations and IMF recommendations. Its concerns relate to specific provisions of the revised draft. The National Bank has identified three main issues. The first is the possibility of using foreign tokens that...
UA.NEWS4 min read
