Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading
The National Bank of Ukraine has refused to support a new crypto regulation bill, citing inadequate safeguards for foreign tokens and platform licensing. This opposition creates a major hurdle for the legislation as it approaches its second reading.
Ukraine's central bank has officially expressed its disapproval of draft law 10225-d, which seeks to regulate the nation's virtual asset market. The monetary authority argued that the current version of the bill lacks essential protections for tokens issued outside of Ukraine. Furthermore, officials raised concerns regarding the proposed framework for licensing digital asset service providers. This stance complicates the legislative process for a bill that had recently gained momentum in parliament. The central bank remains focused on maintaining financial stability and preventing potential illicit capital outflows through unregulated channels. Without the endorsement of the National Bank, the bill may require significant revisions before it can proceed further.
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