Ukraine’s Central Bank Withholds Support as Crypto Bill Nears Final Rada Vote
By Unchained
AI summary of the source article
The National Bank of Ukraine refused to support draft crypto bill No. 10225-d in its current form, urging revisions before its second reading. Meanwhile, a parliamentary committee recommended the bill, which designates the NSSMC as the primary crypto regulator.
Why it matters
The NBU’s objection goes to who controls entry to Ukraine’s crypto market, meaning the bill heads toward a floor vote without the support of one of the two regulators that would enforce it.
Key facts
- The National Bank of Ukraine said it cannot support virtual assets bill No. 10225-d in its current draft and requested revisions before the second reading.
- The parliamentary committee recommended the bill, which names the NSSMC as the primary crypto regulator and sets implementation for July 1, 2027.
- The NBU cited risks including unsupervised foreign tokens entering Ukraine, regulatory arbitrage, and potential monopolization and corruption in licensing.
Source excerpt · Unchained
The NBU wants power to restrict foreign e-money-like tokens that go unsupervised where they are issued, and says the committee's text scraps an agreed three-operator limit on trading platforms, handing that decision to the NSSMC. The post Ukraine’s Central Bank Withholds Support as Crypto Bill Nears Final Rada Vote appeared first on Unchained .