Ukraine's central bank opposes cryptocurrency legalization bill, saying it may threaten monetary sovereignty.
Original headline乌克兰央行反对加密货币合法化法案，称其可能威胁货币主权
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Ukraine’s central bank (NBU) refused to support the current crypto legalization and regulation bill, No. 10225-d, warning it lacks sufficient safeguards and could threaten monetary sovereignty, financial stability, and economic security. The NBU is particularly concerned that foreign tokens issued without home-country oversight could enter Ukraine’s market and be used to bypass local e-money rules. It also objected to market-entry mechanics, saying the final draft leaves the number of crypto trading platforms allowed to operate in the first five years to the securities regulator, risking concentration and corruption. The bill would make Ukraine’s National Securities and Stock Market Commission the main crypto regulator and apply a 5% transition tax to existing crypto assets through the end of 2028. The NBU urged lawmakers to amend the text before a final vote.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
National Bank of Ukraine, Ukraine, National Securities and Stock Market Commission, Verkhovna Rada