Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading
By Micah Zimmerman
AI summary of the source article
The National Bank of Ukraine announced it will not support Draft Law No. 10225-d on virtual assets cleared for a final parliamentary vote. The central bank warned the legislation risks monetary sovereignty by leaving certain foreign tokens outside its supervision.
Why it matters
The NBU warned that permitting foreign tokens acting as electronic money without matching supervision "threatens monetary sovereignty, the transmission of monetary policy, payment infrastructure and financial stability."
Key facts
- The National Bank of Ukraine rejected Draft Law No. 10225-d on virtual assets following its committee approval for a second reading.
- If passed, the bill would take effect on July 1, 2027, splitting supervision between the central bank and the securities commission.
- The bill proposes exempting crypto-to-crypto exchanges from tax and excluding virtual-asset transactions from VAT.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading Ukraine's National Bank says draft law 10225-d on virtual assets lacks safeguards on foreign tokens and platform licensing. This post Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading first appeared on Bitcoin Magazine and is written by Micah Zimmerman .