Ukraine’s Central Bank Withholds Support as Crypto Bill Nears Final Rada Vote
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Ukraine’s central bank has declined to back the crypto bill heading toward a final Rada vote, objecting that the committee’s text drops an agreed three-operator cap on trading platforms and shifts that decision to the NSSMC. The NBU also wants authority to restrict foreign e-money-like tokens that lack supervision in their issuing jurisdictions. The dispute matters because it leaves the country’s main monetary authority at odds with the legislation just before enactment, clouding the launch of a fully regulated virtual-asset market. Watch for whether lawmakers restore the three-operator limit or grant the NBU its cross-border token powers before the final vote.
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Named in this story
National Bank of Ukraine, Verkhovna Rada, Ukraine, National Securities and Stock Market Commission