Ukraine central bank refuses to support virtual assets bill, seeks major changes

The National Bank of Ukraine (NBU) announced that it cannot support bill No. 10225-d, the proposed legislation on virtual assets, in its current form and has urged lawmakers to make significant changes before a second reading. This statement follows a parliamentary committee decision to return the bill to the floor for further consideration. Ukraine’s Committee on Finance, Tax and Customs Policy recently endorsed the draft law for a second reading and full adoption, with 20 members approving the move. Under the bill, the National Securities and Stock Market Commission (NSSMC) would take on the role of primary regulator for the digital asset sector, while the NBU would oversee electronic money tokens. The proposed rules are scheduled to take effect from July 1, 2027.

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