Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading

Bitcoin Magazine Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading Ukraine’s central bank will not support a crypto market bill that a parliamentary committee cleared for a final vote, warning that the draft leaves foreign tokens that act like electronic money outside its control and risks monetary sovereignty. The National Bank of Ukraine said in a Nov. 4 statement that Draft Law No. 10225-d on the circulation of virtual assets, recommended by the Verkhovna Rada Committee on Finance, Tax and Customs Policy for adoption in the second reading and as a whole, fails to reflect compromises struck during drafting.

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