National Bank of Ukraine opposes crypto legalization bill over sovereignty concerns

Ukraine's central bank says Bill 10225-d could let foreign tokens act like money without enough oversight Ukraine’s crypto legalization effort has hit a familiar obstacle: the central bank. The National Bank of Ukraine (NBU) has declined to back Bill No. 10225-d in its current form, warning that the proposed rules could put the country’s financial system at risk. The timing is awkward. The NBU helped draft the bill. Now it is publicly withholding support. The NBU’s core objection centers on foreign tokens. The bank fears they could function as electronic money inside Ukraine without enough regulatory oversight. Electronic money is digital value people use to pay for things, like a balance in a payment app.

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